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

Studio City International Holdings Limited (NYSE:MSC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $4.08, but opened at $4.23. Studio City International shares last traded at $3.80, with a volume of 12,291 shares traded.

Studio City International Stock Performance

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 firm has a market cap of $764.90 million, a PE ratio of -7.89 and a beta of -0.40. The stock’s 50 day moving average price is $4.78 and its 200 day moving average price is $5.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new stake in shares of Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to its most recent filing with the SEC. 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.