Studio City International (NYSE:MSC) Stock Price Up 7.2% – Here’s Why

Shares of Studio City International Holdings Limited (NYSE:MSC) were up 7.2% during trading on Friday . The stock traded as high as $3.88 and last traded at $4.02. Approximately 153 shares traded hands during trading, a decline of 99% from the average daily volume of 13,348 shares. The stock had previously closed at $3.75.

Studio City International Price Performance

The business’s 50 day simple moving average is $5.21 and its 200 day simple moving average is $5.98. 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 firm has a market capitalization of $790.20 million, a PE ratio of -8.15 and a beta of -0.40.

Institutional Investors Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new position in Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

Studio City International Company Profile

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.