Melco Resorts and Entertainment (MSC, Financial) experienced a significant stock price drop of 9.22%, bringing it to $6.32 per share. The trading volume was recorded at 348 shares with no turnover rate, and the price amplitude reached 3.50%.
The latest financial report shows MSC generated $161 million in revenue, but faced a net loss of $33.43 million, resulting in an earnings per share of -$0.17 and a gross profit of $51.58 million. The price-to-earnings ratio stood at -13.62. As of now, there are no institutional recommendations for the stock.
The casino and gambling industry saw an overall growth of 0.68%. Among its peers, Century Casinos, Marriott Vacations Worldwide, and Playa Hotels & Resorts N.V. noted significant gains. Wynn Resorts, Marriott Vacations Worldwide, and Caesars Entertainment were notably active with turnover rates of 0.89%, 0.79%, and 0.70%, respectively. Stocks with high amplitude included Century Casinos at 9.47%, Melco Resorts at 8.98%, and Marriott Vacations Worldwide at 6.24%.
Melco Resorts is headquartered in Macau and operates a casino resort offering gaming tables, slot machines, and various luxury accommodations and dining options. Additionally, it features non-gaming attractions such as the world's first figure-8 Ferris wheel, a luxury nightclub and karaoke venue, a live performance arena, and both outdoor and indoor water parks. The company derives most of its revenue from Macau.
