Studio City International (NYSE:MSC) Shares Gap Up – Should You Buy?

Shares of Studio City International Holdings Limited (NYSE:MSC) gapped up prior to trading on Wednesday . The stock had previously closed at $2.38, but opened at $2.52. Studio City International shares last traded at $2.46, with a volume of 1,305 shares traded.

Studio City International Trading Up 19.4 %

The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market cap of $694.52 million, a P/E ratio of -7.17 and a beta of -0.41. The stock’s 50-day moving average is $4.40 and its two-hundred day moving average is $5.70.

Studio City International (NYSE:MSC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $152.86 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 Trading of Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. purchased a new position in Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.