Studio City International (NYSE:MSC) Shares Gap Up – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.77, but opened at $2.96. Studio City International shares last traded at $2.93, with a volume of 159 shares changing hands.

Studio City International Stock Performance

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 company’s 50-day moving average is $3.11 and its two-hundred day moving average is $4.21. The stock has a market capitalization of $606.65 million, a P/E ratio of -6.26 and a beta of -0.16.

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

Institutional Trading of Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new stake in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent disclosure 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.