Studio City International (NYSE:MSC) Reaches New 1-Year Low – Here’s What Happened

Shares of Studio City International Holdings Limited (NYSE:MSC) reached a new 52-week low on Friday . The stock traded as low as $4.94 and last traded at $5.45, with a volume of 73174 shares traded. The stock had previously closed at $5.55.

Studio City International Stock Performance

The stock has a market cap of $576.85 million, a price-to-earnings ratio of -11.33 and a beta of -0.38. 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 fifty day simple moving average of $6.31 and a 200-day simple moving average of $6.42.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $174.63 million for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its position in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

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.