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

Studio City International Holdings Limited (NYSE:MSC) gapped down before the market opened on Thursday . The stock had previously closed at $4.32, but opened at $4.00. Studio City International shares last traded at $3.93, with a volume of 1,332 shares.

Studio City International Trading Down 7.1 %

The company has a market capitalization of $846.02 million, a price-to-earnings ratio of -8.73 and a beta of -0.40. 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 business’s 50 day moving average price is $4.99 and its two-hundred day moving average price is $5.90.

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new stake in Studio City International Holdings Limited (NYSE:MSC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

Studio City International Company Profile

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.