Studio City International (NYSE:MSC) Stock Price Up 7.4% – Here’s Why

Studio City International Holdings Limited (NYSE:MSC) rose 7.4% on Tuesday . The stock traded as high as $6.50 and last traded at $6.50. Approximately 1,677 shares changed hands during trading, a decline of 71% from the average daily volume of 5,765 shares. The stock had previously closed at $6.05.

Studio City International Stock Up 8.1 %

The company has a market cap of $724.11 million, a PE ratio of -14.22 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. The firm has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $6.48.

Studio City International (NYSE:MSC) last issued its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (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 firm had revenue of $174.63 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its holdings in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. Walleye Capital LLC owned about 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.