Studio City International (NYSE:MSC) Trading Down 9% – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC)’s stock price traded down 9% during mid-day trading on Monday . The company traded as low as $5.77 and last traded at $5.90. 2,891 shares changed hands during trading, a decline of 50% from the average session volume of 5,817 shares. The stock had previously closed at $6.48.

Studio City International Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The business has a fifty day moving average of $6.39 and a 200-day moving average of $6.46. The company has a market cap of $653.25 million, a PE ratio of -12.83 and a beta of -0.42.

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

Institutional Investors Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC boosted its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.