Studio City International (NYSE:MSC) Shares Gap Down – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.55, but opened at $5.21. Studio City International shares last traded at $5.21, with a volume of 607 shares.

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 has a market capitalization of $514.85 million, a price-to-earnings ratio of -10.11 and a beta of -0.38. The company has a 50-day moving average price of $6.26 and a 200-day moving average price of $6.39.

Studio City International (NYSE:MSC) last announced its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $174.63 million during the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Inflows and Outflows

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

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.