Studio City International (NYSE:MSC) Hits New 1-Year Low – Should You Sell?

Studio City International Holdings Limited (NYSE:MSC) shares reached a new 52-week low on Wednesday . The company traded as low as $3.51 and last traded at $3.83, with a volume of 17118 shares. The stock had previously closed at $4.10.

Studio City International Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The company’s 50-day moving average is $5.21 and its 200-day moving average is $5.98. The stock has a market cap of $790.20 million, a price-to-earnings ratio of -8.15 and a beta of -0.40.

Institutional Inflows and Outflows

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

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.