Studio City International (NYSE:MSC) Shares Gap Down – What’s Next?

Shares of Studio City International Holdings Limited (NYSE:MSC) 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 Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a 50-day moving average price of $6.38 and a 200 day moving average price of $6.47. The company has a market cap of $676.50 million, a price-to-earnings ratio of -13.28 and a beta of -0.42.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) 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 company had revenue of $174.63 million during the quarter.

Institutional Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC increased its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent SEC filing.

About Studio City International

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.