Studio City International (NYSE:MSC) Shares Gap Down – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC) gapped down before the market opened on Thursday . The stock had previously closed at $4.32, but opened at $4.00. Studio City International shares last traded at $3.93, with a volume of 1,332 shares trading hands.

Studio City International Trading Down 2.7 %

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 stock’s fifty day moving average price is $4.88 and its two-hundred day moving average price is $5.87. The company has a market capitalization of $836.56 million, a PE ratio of -8.63 and a beta of -0.40.

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 fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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.