Melco Resorts & Entertainment Ltd. (MSC, Financial) experienced a significant stock price drop of 7.73%. The stock is currently trading at $6.09 per share on a volume of 1,807 shares, with a turnover rate of 0.00% and a price fluctuation of 16.52%.
According to the latest financial reports, Melco Resorts reported a revenue of $175 million, a net loss of $20.97 million, and an earnings per share (EPS) of -$0.11. The gross profit stood at $61.90 million, with a price-to-earnings (P/E) ratio of -13.35. Currently, there are no institutional ratings for buying, holding, or selling the stock.
In the broader casino and gaming sector, there was an overall increase of 0.86%. Other active stocks in this sector include Wynn Resorts, Golden Entertainment, and Vail Resorts, Inc., showing notable gains. Wynn Resorts, Vail Resorts, Inc., and Golden Entertainment had turnover rates of 1.25%, 1.05%, and 0.84% respectively, while stocks like Century Casinos, Melco Resorts, and Golden Entertainment experienced significant price fluctuations of 12.42%, 10.30%, and 4.10% respectively.
Melco Resorts & Entertainment Ltd. is a luxury gaming, retail, and entertainment resort located in Macau's Cotai Strip. It operates the Studio City Casino with approximately 250 gaming tables for the mass market, 15 VIP gaming tables, and 552 gaming machines. The resort is known for its luxurious hotel accommodations, diverse dining options, and retail facilities. Additionally, it offers non-gaming attractions, including the world's first figure-eight Ferris wheel, a luxury nightclub and karaoke venue, a live performance venue, and both outdoor and indoor water parks. The majority of the company's revenue is derived from the Macau region.
