Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – What’s Next?

Studio City International Holdings Limited (NYSE:MSC) saw strong trading volume on Thursday . 27,820 shares changed hands during trading, an increase of 391% from the previous session’s volume of 5,665 shares.The stock last traded at $5.90 and had previously closed at $6.40.

Studio City International Stock Performance

The firm’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $6.50. The firm has a market capitalization of $631.10 million, a price-to-earnings ratio of -12.39 and a beta of -0.42. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.

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

Institutional Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC increased its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to its most recent disclosure 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 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.