Studio City International (NYSE:MSC) Shares Gap Up – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.08, but opened at $4.23. Studio City International shares last traded at $3.80, with a volume of 12,291 shares trading hands.

Studio City International Stock Performance

The company has a market cap of $801.77 million, a P/E ratio of -8.27 and a beta of -0.40. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The stock’s 50-day moving average price is $4.88 and its 200 day moving average price is $5.86.

Hedge Funds Weigh In On Studio City International

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

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.