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Studio City International (NYSE:MSC) Stock Price Down 5.7% - Here's What Happened

Studio City International logo with Consumer Discretionary background

Studio City International Holdings Limited (NYSE:MSC - Get Free Report)'s share price traded down 5.7% on Tuesday . The company traded as low as $4.41 and last traded at $4.58. 5,517 shares were traded during trading, a decline of 49% from the average session volume of 10,855 shares. The stock had previously closed at $4.85.

Studio City International Stock Up 5.6 %

The company has a market capitalization of $876.60 million, a P/E ratio of -9.04 and a beta of -0.40. 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 company has a 50 day moving average of $5.42 and a 200-day moving average of $6.06.

Studio City International (NYSE:MSC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $174.63 million during the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its stake in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the company's stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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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