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Studio City International (NYSE:MSC) Shares Gap Down - Here's Why

Studio City International logo with Consumer Discretionary background

Studio City International Holdings Limited (NYSE:MSC - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.32, but opened at $4.00. Studio City International shares last traded at $3.93, with a volume of 1,332 shares trading hands.

Studio City International Stock Down 2.7 %

The business's 50 day moving average price is $4.88 and its 200-day moving average price is $5.87. 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 $836.56 million, a PE ratio of -8.63 and a beta of -0.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its position in Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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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