Studio City International (NYSE:MSC) Stock Price Up 5.2% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s share price rose 5.2% during trading on Tuesday . The company traded as high as $3.22 and last traded at $3.22. Approximately 1,952 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 12,670 shares. The stock had previously closed at $3.06.

Studio City International Price Performance

The business has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $5.18. 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 has a market capitalization of $657.43 million, a price-to-earnings ratio of -6.78 and a beta of -0.35.

Studio City International (NYSE:MSC) last posted its earnings results on Thursday, February 27th. The company reported ($0.14) 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 $152.86 million for the quarter.

Institutional Investors Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new position in shares of Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.