Studio City International (NYSE:MSC) Trading Up 4% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) shot up 4% on Tuesday . The stock traded as high as $3.76 and last traded at $3.90. 202 shares traded hands during mid-day 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 company has a market capitalization of $816.52 million, a P/E ratio of -8.42 and a beta of -0.41. 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 business has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $5.47.

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

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

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.