Studio City International (NYSE:MSC) Shares Down 4.1% – Here’s Why

Studio City International Holdings Limited (NYSE:MSC) shares dropped 4.1% during trading on Thursday . The company traded as low as $6.27 and last traded at $6.28. Approximately 407 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 5,815 shares. The stock had previously closed at $6.55.

Studio City International Stock Performance

The company has a fifty day moving average of $6.40 and a two-hundred day moving average of $6.88. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 3.29.

Studio City International (NYSE:MSC) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. Studio City International had a negative net margin of 16.62% and a negative return on equity of 12.66%. The firm had revenue of $161.50 million during the quarter.

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.