Studio City International (NYSE:MSC) Shares Gap Up – Here’s Why

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.72, but opened at $6.01. Studio City International shares last traded at $6.01, with a volume of 173 shares trading hands.

Studio City International Stock Down 3.0 %

The company has a market cap of $614.50 million, a price-to-earnings ratio of -12.06 and a beta of -0.42. The business has a fifty day moving average of $6.40 and a two-hundred day moving average of $6.49. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. The company 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 increased its holdings in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,000 shares of the company’s stock after acquiring 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 reporting period.

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.