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Studio City International (NYSE:MSC) Shares Gap Up - Here's What Happened

Studio City International logo with Consumer Discretionary background

Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.43, but opened at $6.96. Studio City International shares last traded at $6.42, with a volume of 3,219 shares.

Studio City International Trading Down 2.8 %

The firm has a 50-day moving average of $6.38 and a 200 day moving average of $6.94. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $692.04 million, a price-to-earnings ratio of -10.78 and a beta of -0.46.

Studio City International (NYSE:MSC - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. Studio City International had a negative return on equity of 12.66% and a negative net margin of 16.62%. The business had revenue of $161.50 million during the quarter.

About Studio City International

(Get Free Report)

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.

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