Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 27,820 shares traded hands during mid-day trading, an increase of 391% from the previous session's volume of 5,665 shares.The stock last traded at $5.90 and had previously closed at $6.40.
Studio City International Stock Down 10.9 %
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 firm has a market capitalization of $631.10 million, a PE ratio of -12.39 and a beta of -0.42. The company has a fifty day moving average price of $6.43 and a 200-day moving average price of $6.50.
Studio City International (NYSE:MSC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) 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 $174.63 million during the quarter.
Institutional Investors Weigh In On Studio City International
An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC increased its stake in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,000 shares of the company's stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent 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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