Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) traded up 5.2% during mid-day trading on Tuesday . The company traded as high as $3.22 and last traded at $3.22. Approximately 1,952 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 12,670 shares. The stock had previously closed at $3.06.
Studio City International Stock Up 2.0 %
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 firm has a 50-day moving average of $3.57 and a 200 day moving average of $5.09. The stock has a market capitalization of $657.43 million, a price-to-earnings ratio of -6.78 and a beta of -0.35.
Studio City International (NYSE:MSC - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share 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 during the quarter.
Institutional Investors Weigh In On Studio City International
An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. purchased a new position in Studio City International Holdings Limited (NYSE:MSC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company's stock, valued at approximately $141,000.
About Studio City International
(
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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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