Studio City International (NYSE:MSC) Hits New 52-Week Low – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC)’s stock price reached a new 52-week low on Friday . The stock traded as low as $4.12 and last traded at $4.55, with a volume of 33178 shares trading hands. The stock had previously closed at $4.58.

Studio City International Price Performance

The company has a fifty day moving average price of $6.01 and a two-hundred day moving average price of $6.31. 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 firm has a market cap of $503.78 million, a P/E ratio of -9.89 and a beta of -0.38.

Studio City International (NYSE:MSC) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) 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 $174.63 million during the quarter.

Institutional Trading of Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC grew its position 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 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.