Studio City International (NYSE:MSC) Shares Gap Down – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.17, but opened at $3.09. Studio City International shares last traded at $3.05, with a volume of 5,824 shares changing hands.

Studio City International Price 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 company has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $4.53. The company has a market cap of $638.26 million, a price-to-earnings ratio of -6.58 and a beta of -0.17.

Studio City International (NYSE:MSC) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $161.72 million during the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Trading of Studio City International

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