Studio City International (NYSE:MSC) Trading 7.8% Higher – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price traded up 7.8% during trading on Tuesday . The stock traded as high as $5.39 and last traded at $5.37. 2,170 shares were traded during trading, a decline of 94% from the average session volume of 34,233 shares. The stock had previously closed at $4.98.

Studio City International Price Performance

The stock has a market capitalization of $514.85 million, a price-to-earnings ratio of -10.11 and a beta of -0.38. The business has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $6.38. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last announced its earnings results on Tuesday, November 5th. The company reported ($0.11) 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 firm had revenue of $174.63 million for the quarter.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC grew its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent SEC filing.

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.