Studio City International (NYSE:MSC) Sets New 12-Month Low – What’s Next?

Shares of Studio City International Holdings Limited (NYSE:MSC) hit a new 52-week low during trading on Thursday . The stock traded as low as $4.30 and last traded at $4.65, with a volume of 6292 shares. The stock had previously closed at $4.66.

Studio City International Stock Performance

The stock’s 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $6.37. 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 market cap of $528.13 million, a P/E ratio of -10.37 and a beta of -0.38.

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

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,000 shares of the company’s stock after acquiring 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 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.