Studio City International (NYSE:MSC) Shares Gap Up – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $3.76, but opened at $3.85. Studio City International shares last traded at $3.68, with a volume of 103 shares.

Studio City International Price Performance

The stock has a fifty day moving average of $3.94 and a 200 day moving average of $5.46. The stock has a market cap of $775.43 million, a price-to-earnings ratio of -8.00 and a beta of -0.41. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The business had revenue of $152.86 million for 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 raised its position in Studio City International stock. Walleye Capital LLC boosted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.