Studio City International (NYSE:MSC) Stock Price Up 4.5% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s share price rose 4.5% during mid-day trading on Wednesday . The stock traded as high as $3.04 and last traded at $3.01. Approximately 1,102 shares were traded during trading, a decline of 87% from the average daily volume of 8,165 shares. The stock had previously closed at $2.88.

Studio City International Stock Up 4.2%

The stock has a market cap of $632.15 million, a price-to-earnings ratio of -6.52 and a beta of -0.17. 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 stock’s 50-day moving average price is $3.21 and its 200-day moving average price is $4.37.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new position in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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.