Studio City International (NYSE:MSC) Shares Gap Up – Still a Buy?

Shares of Studio City International Holdings Limited (NYSE:MSC) gapped up prior to trading on Monday . The stock had previously closed at $5.72, but opened at $6.01. Studio City International shares last traded at $6.01, with a volume of 173 shares changing hands.

Studio City International Stock 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 stock has a 50-day moving average of $6.40 and a 200 day moving average of $6.49. The stock has a market cap of $614.50 million, a PE ratio of -12.06 and a beta of -0.42.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The firm had revenue of $174.63 million for the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC grew its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.

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.