Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) dropped 13.6% during trading on Monday . The company traded as low as $3.37 and last traded at $3.31. Approximately 4,112 shares traded hands during trading, a decline of 50% from the average daily volume of 8,190 shares. The stock had previously closed at $3.83.
Studio City International Trading Up 3.7 %
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 has a market capitalization of $797.56 million, a price-to-earnings ratio of -8.23 and a beta of -0.41. The business's 50 day moving average price is $4.12 and its two-hundred day moving average price is $5.60.
Studio City International (NYSE:MSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The firm had revenue of $152.86 million for the quarter.
Institutional Trading of Studio City International
A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC grew its stake in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 65,000 shares of the company's stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.
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.
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