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

Studio City Ih (NYSE:MSC) gapped up prior to trading on Monday . The stock had previously closed at $4.24, but opened at $4.62. Studio City Ih shares last traded at $4.59, with a volume of 646 shares traded.

Studio City Ih Price Performance

The firm has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.74. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.45. The stock has a market cap of $918.74 million, a P/E ratio of -8.72 and a beta of -0.13.

Studio City Ih (NYSE:MSC) last issued its earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. Studio City Ih had a negative net margin of 15.56% and a negative return on equity of 14.77%. The business had revenue of $161.72 million for the quarter.

Hedge Funds Weigh In On Studio City Ih

An institutional investor recently bought a new position in Studio City Ih stock. Invesco Ltd. bought a new position in Studio City Ih (NYSE:MSC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 25,000 shares of the company’s stock, valued at approximately $141,000.

About Studio City Ih

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.