Studio City International (NYSE:MSC) Trading 3.5% Higher – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s share price was up 3.5% during mid-day trading on Tuesday . The company traded as high as $3.60 and last traded at $3.75. Approximately 109 shares were traded during trading, a decline of 99% from the average daily volume of 8,271 shares. The stock had previously closed at $3.62.

Studio City International Stock Up 7.8 %

The company’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $5.39. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a market cap of $817.58 million, a P/E ratio of -8.43 and a beta of -0.35.

Studio City International (NYSE:MSC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The company had revenue of $152.86 million for the quarter.

Institutional Trading of Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. bought a new stake in Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.