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

Studio City International Holdings Limited (NYSE:MSC) gapped down before the market opened on Friday . The stock had previously closed at $3.96, but opened at $3.79. Studio City International shares last traded at $3.85, with a volume of 103 shares.

Studio City International Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The firm has a fifty day moving average price of $4.00 and a 200 day moving average price of $5.51. The firm has a market cap of $824.95 million, a PE ratio of -8.51 and a beta of -0.41.

Studio City International (NYSE:MSC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $152.86 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 Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC boosted its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the period. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

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.