Studio City International (NYSE:MSC) Stock Price Up 5.6% – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price rose 5.6% on Monday . The stock traded as high as $2.95 and last traded at $3.14. Approximately 204 shares changed hands during trading, a decline of 97% from the average daily volume of 8,011 shares. The stock had previously closed at $2.97.

Studio City International Stock Performance

The firm has a market cap of $659.54 million, a price-to-earnings ratio of -6.80 and a beta of -0.35. 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’s fifty day moving average price is $3.57 and its 200-day moving average price is $5.07.

Studio City International (NYSE:MSC) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The firm 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. acquired a new stake in Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

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.