Studio City International Holdings Limited (NYSE:MSC - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $2.38, but opened at $2.52. Studio City International shares last traded at $2.46, with a volume of 1,305 shares trading hands.
Studio City International Stock Performance
The stock's fifty day moving average is $4.28 and its two-hundred day moving average is $5.66. The firm has a market capitalization of $807.04 million, a price-to-earnings ratio of -8.33 and a beta of -0.41. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.
Studio City International (NYSE:MSC - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $152.86 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 Inflows and Outflows
A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its holdings in Studio City International Holdings Limited (NYSE:MSC - Free Report) by 19.0% during the third 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 buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.
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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