Studio City International (NYSE:MSC) Trading 4.6% Higher – Time to Buy?

Shares of Studio City International Holdings Limited (NYSE:MSC) shot up 4.6% on Thursday . The company traded as high as $7.00 and last traded at $6.60. 6,221 shares were traded during trading, an increase of 8% from the average session volume of 5,783 shares. The stock had previously closed at $6.31.

Studio City International Trading Up 7.9 %

The company has a 50 day simple moving average of $6.53 and a 200-day simple moving average of $6.68. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC grew its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. Walleye Capital LLC owned approximately 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.