Studio City International (NYSE:MSC) Stock Price Down 5.3% – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s share price dropped 5.3% during mid-day trading on Monday . The stock traded as low as $3.07 and last traded at $3.28. Approximately 14,960 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 15,986 shares. The stock had previously closed at $3.46.

Studio City International Stock Performance

The stock has a market capitalization of $545.75 million, a price-to-earnings ratio of -5.63 and a beta of -0.40. 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 stock has a 50-day moving average of $4.63 and a 200 day moving average of $5.77.

Studio City International (NYSE:MSC) last issued its quarterly 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 Trading of Studio City International

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

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.