Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Studio City International Holdings Limited (NYSE:MSC) saw an uptick in trading volume on Friday . 8,210 shares changed hands during trading, an increase of 1% from the previous session’s volume of 8,166 shares.The stock last traded at $2.93 and had previously closed at $2.85.

Studio City International Trading Up 1.2%

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 stock has a market cap of $616.34 million, a price-to-earnings ratio of -6.36 and a beta of -0.17. The company has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $4.46.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The company had revenue of $161.72 million during the quarter.

Hedge Funds Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. purchased a new stake in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

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.