Studio City International (NYSE:MSC) Trading Up 3.5% – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price rose 3.5% on Tuesday . The stock traded as high as $3.60 and last traded at $3.75. Approximately 109 shares changed hands during trading, a decline of 99% from the average daily volume of 8,271 shares. The stock had previously closed at $3.62.

Studio City International Trading Up 3.5 %

The firm has a market capitalization of $789.13 million, a P/E ratio of -8.14 and a beta of -0.41. The stock’s 50-day simple moving average is $3.89 and its two-hundred day simple moving average is $5.41. 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 Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The business had revenue of $152.86 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new stake in shares of Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.