Studio City International (NYSE:MSC) Sees Strong Trading Volume – Here’s Why

Studio City International Holdings Limited (NYSE:MSC) shares saw unusually-high trading volume on Thursday . Approximately 19,560 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 15,443 shares.The stock last traded at $3.74 and had previously closed at $3.70.

Studio City International Stock Performance

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market capitalization of $767.01 million, a PE ratio of -7.91 and a beta of -0.40. The company has a 50 day moving average price of $4.72 and a 200 day moving average price of $5.81.

Studio City International (NYSE:MSC) last announced 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned about 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.