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

Studio City International Holdings Limited (NYSE:MSC) gapped up prior to trading on Wednesday . The stock had previously closed at $2.38, but opened at $2.52. Studio City International shares last traded at $2.46, with a volume of 1,305 shares trading hands.

Studio City International Stock Performance

The stock has a market capitalization of $518.36 million, a P/E ratio of -5.35 and a beta of -0.41. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The firm has a 50-day moving average of $4.47 and a 200 day moving average of $5.72.

Studio City International (NYSE:MSC) last issued its earnings results on Thursday, February 27th. The company reported ($0.14) 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 business had revenue of $152.86 million for the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

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.