Studio City International (NYSE:MSC) Hits New 1-Year Low – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $4.30 and last traded at $4.65, with a volume of 6292 shares traded. The stock had previously closed at $4.66.

Studio City International Stock Down 0.2 %

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The business’s 50-day simple moving average is $6.22 and its 200-day simple moving average is $6.38. The company has a market capitalization of $514.85 million, a PE ratio of -10.11 and a beta of -0.38.

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

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.