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

Studio City International Holdings Limited (NYSE:MSC) gapped down prior to trading on Friday . The stock had previously closed at $3.96, but opened at $3.79. Studio City International shares last traded at $3.85, with a volume of 103 shares trading hands.

Studio City International Price Performance

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 company’s fifty day simple moving average is $4.01 and its two-hundred day simple moving average is $5.53. The stock has a market capitalization of $824.95 million, a PE ratio of -8.51 and a beta of -0.41.

Studio City International (NYSE:MSC) last posted its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The business had revenue of $152.86 million for the quarter.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its holdings in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

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.