Studio City International (NYSE:MSC) Stock Price Up 7.8% – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC) was up 7.8% during mid-day trading on Tuesday . The company traded as high as $5.39 and last traded at $5.37. Approximately 2,170 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 34,233 shares. The stock had previously closed at $4.98.

Studio City International Price Performance

The company has a market capitalization of $514.85 million, a P/E ratio of -10.11 and a beta of -0.38. The company’s 50-day simple moving average is $6.22 and its 200 day simple moving average is $6.38. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

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

Institutional Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC lifted its position in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. 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.