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Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume - Still a Buy?

Studio City International logo with Consumer Discretionary background
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Studio City International Holdings Limited (NYSE:MSC - Get Free Report) shares saw an uptick in trading volume on Monday . 21,943 shares traded hands during mid-day trading, an increase of 164% from the previous session's volume of 8,318 shares.The stock last traded at $3.14 and had previously closed at $3.80.

Studio City International Stock Performance

The stock has a market capitalization of $650.06 million, a P/E ratio of -6.71 and a beta of -0.35. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The company's fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $5.25.

Studio City International (NYSE:MSC - Get Free Report) last issued 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 business had revenue of $152.86 million during the quarter.

Institutional Investors Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new stake in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 25,000 shares of the company's stock, valued at approximately $141,000.

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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