Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC) saw an uptick in trading volume on Thursday . 27,820 shares traded hands during trading, an increase of 391% from the previous session’s volume of 5,665 shares.The stock last traded at $5.90 and had previously closed at $6.40.

Studio City International Stock Up 0.4 %

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 market cap of $633.32 million, a PE ratio of -12.43 and a beta of -0.42. The company has a 50 day moving average price of $6.40 and a two-hundred day moving average price of $6.49.

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

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

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.