Studio City International (NYSE:MSC) Stock Price Up 4.6% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s share price rose 4.6% during trading on Thursday . The stock traded as high as $7.00 and last traded at $6.60. Approximately 6,221 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 5,783 shares. The stock had previously closed at $6.31.

Studio City International Trading Up 7.9 %

The stock’s fifty day moving average is $6.53 and its 200-day moving average is $6.68. 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The business had revenue of $174.63 million for the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. 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.