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

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.08, but opened at $2.91. Studio City International shares last traded at $3.12, with a volume of 1,499 shares changing hands.

Studio City International Stock Performance

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 market cap of $620.77 million, a P/E ratio of -6.40 and a beta of -0.35. The firm’s fifty day moving average price is $3.45 and its 200 day moving average price is $4.88.

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 net margin of 14.46% and a negative return on equity of 12.84%. The business had revenue of $152.86 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the 4th quarter, according to the company in its most recent filing with the SEC. 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.