Studio City International (NYSE:MSC) Shares Gap Down – Here’s Why

Studio City International Holdings Limited (NYSE:MSC) gapped down prior to trading on Monday . The stock had previously closed at $5.55, but opened at $5.21. Studio City International shares last traded at $5.21, with a volume of 607 shares traded.

Studio City International Trading Down 1.7 %

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 $566.89 million, a P/E ratio of -11.13 and a beta of -0.38. The company’s 50 day simple moving average is $6.31 and its 200-day simple moving average is $6.41.

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

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 stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.