Studio City International (NYSE:MSC) Stock Price Down 2.6% – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC)’s share price fell 2.6% during trading on Wednesday . The stock traded as low as $4.14 and last traded at $3.86. 106 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 15,002 shares. The stock had previously closed at $3.96.

Studio City International Stock Down 2.7 %

The firm has a 50-day moving average price of $4.05 and a 200 day moving average price of $5.55. 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 company has a market cap of $812.31 million, a price-to-earnings ratio of -8.38 and a beta of -0.41.

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. The company had revenue of $152.86 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 Investors Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. purchased a new stake in Studio City International Holdings Limited (NYSE:MSC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

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.