Studio City International (NYSE:MSC) Trading Up 7.8% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) shares shot up 7.8% during mid-day trading on Tuesday . The stock traded as high as $5.39 and last traded at $5.37. 2,170 shares traded hands during trading, a decline of 94% from the average session volume of 34,233 shares. The stock had previously closed at $4.98.

Studio City International Stock Performance

The stock has a market cap of $556.92 million, a price-to-earnings ratio of -10.93 and a beta of -0.38. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The stock’s 50-day moving average is $6.28 and its 200-day moving average is $6.41.

Studio City International (NYSE:MSC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business 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 Investors Weigh In On Studio City International

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

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.