Studio City International (NYSE:MSC) Hits New 52-Week Low – Here’s Why

Studio City International Holdings Limited (NYSE:MSC)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $4.30 and last traded at $4.65, with a volume of 6292 shares trading hands. The stock had previously closed at $4.66.

Studio City International Price Performance

The company has a market capitalization of $528.13 million, a P/E ratio of -10.37 and a beta of -0.38. The company’s 50-day moving average price is $6.18 and its two-hundred day moving average price is $6.37. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97.

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

Institutional Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC boosted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.