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

Studio City International Holdings Limited (NYSE:MSC) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.32, but opened at $4.00. Studio City International shares last traded at $3.93, with a volume of 1,332 shares.

Studio City International Stock Down 2.7 %

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 fifty day simple moving average is $4.88 and its 200 day simple moving average is $5.87. The firm has a market capitalization of $836.56 million, a PE ratio of -8.63 and a beta of -0.40.

Institutional Trading of Studio City International

A hedge fund recently raised its stake 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 third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent SEC filing.

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.