Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Studio City International Holdings Limited (NYSE:MSC) saw an uptick in trading volume on Thursday . 27,820 shares were traded during mid-day trading, an increase of 391% from the previous session’s volume of 5,665 shares.The stock last traded at $5.90 and had previously closed at $6.40.

Studio City International Price Performance

The firm has a 50-day moving average price of $6.40 and a 200 day moving average price of $6.49. The stock has a market capitalization of $633.32 million, a P/E ratio of -12.43 and a beta of -0.42. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The business had revenue of $174.63 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 Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC raised its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

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.