Studio City International (NYSE:MSC) Shares Gap Up – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.75, but opened at $3.93. Studio City International shares last traded at $3.98, with a volume of 229 shares.

Studio City International Stock Down 4.9 %

The firm’s 50 day moving average is $4.05 and its two-hundred day moving average is $5.55. The firm has a market cap of $791.24 million, a P/E ratio of -8.16 and a beta of -0.41. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The firm had revenue of $152.86 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC boosted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. 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 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.