Studio City International (NYSE:MSC) Shares Gap Up – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.66, but opened at $4.80. Studio City International shares last traded at $4.80, with a volume of 240 shares trading hands.

Studio City International Stock Up 3.4 %

The business has a 50 day moving average price of $6.18 and a 200 day moving average price of $6.37. The firm has a market capitalization of $532.56 million, a P/E ratio of -10.46 and a beta of -0.38. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97.

Studio City International (NYSE:MSC) last issued 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 during the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC increased its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

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.