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Studio City International (NYSE:MSC) Stock Price Down 5.3% - Here's What Happened

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Shares of Studio City International Holdings Limited (NYSE:MSC - Get Free Report) fell 5.3% during trading on Monday . The stock traded as low as $3.07 and last traded at $3.28. 14,960 shares were traded during mid-day trading, a decline of 6% from the average session volume of 15,986 shares. The stock had previously closed at $3.46.

Studio City International Price Performance

The stock has a market capitalization of $694.52 million, a PE ratio of -7.17 and a beta of -0.41. 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's 50 day simple moving average is $4.40 and its 200 day simple moving average is $5.70.

Studio City International (NYSE:MSC - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $152.86 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 Trading of Studio City International

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

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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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