Studio City International (NYSE:MSC) Hits New 52-Week Low – What’s Next?

Shares of Studio City International Holdings Limited (NYSE:MSC) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.44 and last traded at $3.50, with a volume of 565 shares trading hands. The stock had previously closed at $3.46.

Studio City International Trading Down 7.1 %

The firm has a market cap of $677.24 million, a price-to-earnings ratio of -6.99 and a beta of -0.40. The company has a fifty day moving average price of $4.63 and a 200-day moving average price of $5.77. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

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

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC increased its holdings in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.