Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) shares saw unusually-strong trading volume on Monday . Approximately 21,943 shares were traded during trading, an increase of 164% from the previous session’s volume of 8,318 shares.The stock last traded at $3.14 and had previously closed at $3.80.

Studio City International Price Performance

The stock has a market cap of $737.51 million, a PE ratio of -7.61 and a beta of -0.35. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The stock’s 50-day moving average is $3.82 and its two-hundred day moving average is $5.36.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) 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 $152.86 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC grew its holdings in shares of 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 Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

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.