Studio City International (NYSE:MSC) Shares Gap Up – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) gapped up prior to trading on Tuesday . The stock had previously closed at $4.20, but opened at $4.35. Studio City International shares last traded at $4.19, with a volume of 2,555 shares trading hands.

Studio City International Price Performance

The company has a market cap of $881.86 million, a price-to-earnings ratio of -9.10 and a beta of -0.40. 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 company has a fifty day simple moving average of $5.37 and a two-hundred day simple moving average of $6.03.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.

Studio City International Company Profile

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.