Studio City International (NYSE:MSC) Sees Large Volume Increase – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) shares saw an uptick in trading volume on Monday . 5,318 shares traded hands during trading, a decline of 36% from the previous session’s volume of 8,295 shares.The stock last traded at $3.56 and had previously closed at $3.68.

Studio City International Trading Down 2.0 %

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The company has a market cap of $759.63 million, a PE ratio of -7.84 and a beta of -0.41. The company has a fifty day simple moving average of $3.92 and a two-hundred day simple moving average of $5.43.

Studio City International (NYSE:MSC) last issued its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share 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 during the quarter.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its holdings in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.

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.