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

Studio City International logo with Consumer Discretionary background
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Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 5,318 shares changed hands during trading, a decline of 36% from the previous session's volume of 8,295 shares.The stock last traded at $3.56 and had previously closed at $3.68.

Studio City International Stock Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a market cap of $802.83 million, a PE ratio of -8.28 and a beta of -0.35. The business has a 50-day simple moving average of $3.84 and a 200 day simple moving average of $5.38.

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

Institutional Investors Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new stake in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $141,000.

Studio City International Company Profile

(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.

Further Reading

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