Studio City International (NYSE:MSC) Shares Gap Down – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.54, but opened at $6.11. Studio City International shares last traded at $6.11, with a volume of 595 shares changing hands.

Studio City International Trading Up 0.2 %

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market cap of $717.47 million, a P/E ratio of -14.09 and a beta of -0.42. The stock has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.47.

Studio City International (NYSE:MSC) last announced its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company 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 Inflows and Outflows

An institutional investor recently raised its position 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 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 quarter.

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.