Studio City International (NYSE:MSC) Sets New 12-Month Low – Here’s Why

Shares of Studio City International Holdings Limited (NYSE:MSC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.91 and last traded at $3.96, with a volume of 11142 shares trading hands. The stock had previously closed at $4.15.

Studio City International Trading Up 5.6 %

The firm has a market capitalization of $876.60 million, a P/E ratio of -9.04 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 firm has a 50 day moving average of $5.42 and a 200-day moving average of $6.06.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $174.63 million for 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 increased its holdings in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,000 shares of the company’s stock after purchasing 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.