Studio City International (NYSE:MSC) Reaches New 1-Year Low – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC) shares hit a new 52-week low during trading on Friday . The stock traded as low as $4.94 and last traded at $5.45, with a volume of 73174 shares. The stock had previously closed at $5.55.

Studio City International Price Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market capitalization of $581.28 million, a P/E ratio of -11.41 and a beta of -0.42. The stock’s fifty day moving average is $6.33 and its 200-day moving average is $6.43.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) 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 $174.63 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC raised its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

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.