Studio City International (NYSE:MSC) Trading 5.6% Higher – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) was up 5.6% on Monday . The company traded as high as $2.95 and last traded at $3.14. Approximately 204 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 8,011 shares. The stock had previously closed at $2.97.

Studio City International Stock Performance

The company’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $5.02. The company has a market cap of $653.22 million, a P/E ratio of -6.74 and a beta of -0.35. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

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

Institutional Investors Weigh In On Studio City International

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

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.