Studio City International (NYSE:MSC) Trading Down 3.1%

Shares of Studio City International Holdings Limited (NYSE:MSC) dropped 3.1% during mid-day trading on Friday . The stock traded as low as $6.55 and last traded at $6.55. Approximately 784 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 4,412 shares. The stock had previously closed at $6.76.

Studio City International Price Performance

The stock has a 50-day moving average of $6.98 and a 200 day moving average of $7.11. The company has a current ratio of 2.51, a quick ratio of 2.46 and a debt-to-equity ratio of 3.30.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $150.16 million for the quarter. Studio City International had a negative net margin of 21.06% and a negative return on equity of 14.11%.

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.