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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) gapped down before the market opened on Thursday . The stock had previously closed at $6.54, but opened at $6.11. Studio City International shares last traded at $6.11, with a volume of 595 shares.

Studio City International Stock Down 1.1 %

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The company has a market cap of $716.36 million, a price-to-earnings ratio of -14.06 and a beta of -0.42. The business has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $6.47.

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

Institutional Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its position in Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

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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