Studio City International (NYSE:MSC) Hits New 12-Month Low – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC) shares reached a new 52-week low on Thursday . The company traded as low as $4.30 and last traded at $4.65, with a volume of 6292 shares changing hands. The stock had previously closed at $4.66.

Studio City International Stock Performance

The business’s 50-day simple moving average is $6.22 and its two-hundred day simple moving average is $6.38. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The firm has a market cap of $514.85 million, a price-to-earnings ratio of -10.11 and a beta of -0.38.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $174.63 million during the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC boosted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

About Studio City International

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.