Studio City International (NYSE:MSC) Trading Down 6.6% – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s stock price was down 6.6% during mid-day trading on Wednesday . The stock traded as low as $6.05 and last traded at $6.05. Approximately 247 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 5,576 shares. The stock had previously closed at $6.48.

Studio City International Stock Down 2.2 %

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 business has a 50 day simple moving average of $6.47 and a 200-day simple moving average of $6.51. The firm has a market capitalization of $701.96 million, a price-to-earnings ratio of -13.78 and a beta of -0.42.

Studio City International (NYSE:MSC) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $174.63 million for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Trading of Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC raised its position in 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 Securities and Exchange Commission (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 SEC filing.

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.