Studio City International (NYSE:MSC) Shares Gap Up – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.66, but opened at $4.80. Studio City International shares last traded at $4.80, with a volume of 240 shares traded.

Studio City International Stock Performance

The firm has a market capitalization of $500.45 million, a price-to-earnings ratio of -9.83 and a beta of -0.38. The firm’s 50 day simple moving average is $6.26 and its 200 day simple moving average is $6.39. 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 posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The business 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 Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC boosted its holdings in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.