Studio City International (NYSE:MSC) Shares Down 2.6% – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s share price traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $4.14 and last traded at $3.86. 106 shares changed hands during trading, a decline of 99% from the average session volume of 15,002 shares. The stock had previously closed at $3.96.

Studio City International Trading Down 3.5 %

The firm’s 50-day moving average price is $4.01 and its 200 day moving average price is $5.53. The company has a market cap of $804.94 million, a price-to-earnings ratio of -8.30 and a beta of -0.41. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) 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 $152.86 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new position in shares of Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $141,000.

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.