Studio City International (NYSE:MSC) Sees Large Volume Increase – Still a Buy?

Shares of Studio City International Holdings Limited (NYSE:MSC) saw unusually-high trading volume on Thursday . Approximately 19,560 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 15,443 shares.The stock last traded at $3.74 and had previously closed at $3.70.

Studio City International Trading Down 7.1 %

The firm has a market capitalization of $677.24 million, a P/E ratio of -6.99 and a beta of -0.40. 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 firm has a 50 day moving average of $4.68 and a 200-day moving average of $5.79.

Studio City International (NYSE:MSC) last released 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 company had revenue of $152.86 million for the quarter.

Institutional Investors 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 disclosure with the SEC. The institutional investor 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.