Studio City International (NYSE:MSC) Stock Price Down 6.6% – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s stock price traded down 6.6% during mid-day trading on Wednesday . The company traded as low as $6.05 and last traded at $6.05. 247 shares traded hands during trading, a decline of 96% from the average session volume of 5,576 shares. The stock had previously closed at $6.48.

Studio City International Stock 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 stock has a market capitalization of $631.10 million, a P/E ratio of -12.39 and a beta of -0.42. The stock has a 50 day moving average of $6.43 and a 200 day moving average of $6.50.

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

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its holdings in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 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.