Studio City International (NYSE:MSC) Shares Up 5.2% – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC) shares were up 5.2% on Tuesday . The stock traded as high as $3.22 and last traded at $3.22. Approximately 1,952 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 12,670 shares. The stock had previously closed at $3.06.

Studio City International Stock Performance

The stock has a market capitalization of $657.43 million, a P/E ratio of -6.78 and a beta of -0.35. The company’s fifty day simple moving average is $3.60 and its two-hundred day simple moving average is $5.18. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.

Studio City International (NYSE:MSC) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $152.86 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

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $141,000.

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.