Studio City International (NYSE:MSC) Sees Large Volume Increase – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) saw strong trading volume on Friday . 6,390 shares traded hands during trading, a decline of 21% from the previous session’s volume of 8,121 shares.The stock last traded at $3.59 and had previously closed at $3.30.

Studio City International Stock Performance

The firm has a 50-day moving average of $4.28 and a two-hundred day moving average of $5.66. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $807.04 million, a PE ratio of -8.33 and a beta of -0.41.

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

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) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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.