Studio City International (NYSE:MSC) Stock Price Down 2.6% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $4.14 and last traded at $3.86. 106 shares traded hands during trading, a decline of 99% from the average session volume of 15,002 shares. The stock had previously closed at $3.96.

Studio City International Trading Down 3.5 %

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 company has a market capitalization of $804.94 million, a P/E ratio of -8.30 and a beta of -0.41. The firm’s 50-day moving average price is $4.01 and its 200 day moving average price is $5.53.

Studio City International (NYSE:MSC) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $152.86 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 Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its position in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.