Studio City International (NYSE:MSC) Trading 4% Higher – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) shares traded up 4% on Tuesday . The company traded as high as $3.76 and last traded at $3.90. 202 shares traded hands during trading, a decline of 98% from the average session volume of 8,270 shares. The stock had previously closed at $3.75.

Studio City International Price Performance

The stock has a market cap of $821.79 million, a P/E ratio of -8.48 and a beta of -0.41. The company’s 50 day moving average price is $3.98 and its 200-day moving average price is $5.50. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company 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 Inflows and Outflows

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

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.