Studio City International (NYSE:MSC) Shares Gap Up – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.75, but opened at $3.93. Studio City International shares last traded at $3.98, with a volume of 229 shares.

Studio City International Stock Performance

The stock has a market cap of $814.42 million, a PE ratio of -8.40 and a beta of -0.41. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The company’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $5.58.

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

Institutional Trading of Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new position in shares of Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.