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

Posted by Jeff Wilder on Dec 26th, 2024

Shares of Studio City International Holdings Limited (NYSE:MSC – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.54, but opened at $6.11. Studio City International shares last traded at $6.11, with a volume of 595 shares trading hands.

Studio City International Price Performance

The stock has a market cap of $676.50 million, a price-to-earnings ratio of -13.28 and a beta of -0.42. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $6.47.

Studio City International (NYSE:MSC – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $174.63 million during the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Institutional Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC grew its stake in shares of Studio City International Holdings Limited (NYSE:MSC – Free Report) by 19.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 as of its most recent SEC filing.

About Studio City International

(Get Free Report)

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.