Studio City International (NYSE:MSC) Shares Down 13.6% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) shares traded down 13.6% during trading on Monday . The company traded as low as $3.37 and last traded at $3.31. 4,112 shares traded hands during trading, a decline of 50% from the average session volume of 8,190 shares. The stock had previously closed at $3.83.

Studio City International Stock Down 3.0 %

The firm’s fifty day moving average is $4.28 and its two-hundred day moving average is $5.66. The firm has a market cap of $782.81 million, a price-to-earnings ratio of -8.08 and a beta of -0.41. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97.

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

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new position in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.