Studio City International (NYSE:MSC) Shares Gap Up – Here’s Why

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.38, but opened at $2.52. Studio City International shares last traded at $2.46, with a volume of 1,305 shares trading hands.

Studio City International Price Performance

The stock’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $5.72. 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 capitalization of $518.36 million, a price-to-earnings ratio of -5.35 and a beta of -0.41.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) EPS 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 Trading of Studio City International

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