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

Studio City International Holdings Limited (NYSE:MSC)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.08, but opened at $2.91. Studio City International shares last traded at $3.12, with a volume of 1,499 shares trading hands.

Studio City International Price Performance

The stock has a 50 day moving average price of $3.51 and a two-hundred day moving average price of $4.92. The firm has a market capitalization of $657.43 million, a price-to-earnings ratio of -6.78 and a beta of -0.35. 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 announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The business had revenue of $152.86 million for the quarter.

Institutional Investors Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. bought a new position in shares of Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.