Studio City International (NYSE:MSC) Shares Gap Up – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC) gapped up before the market opened on Thursday . The stock had previously closed at $3.60, but opened at $3.85. Studio City International shares last traded at $3.85, with a volume of 522 shares traded.

Studio City International Stock Performance

The company has a market capitalization of $816.31 million, a P/E ratio of -8.42 and a beta of -0.35. 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 company’s 50-day moving average is $3.86 and its two-hundred day moving average is $5.39.

Studio City International (NYSE:MSC) last released its earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $152.86 million during 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

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new stake in shares of Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.