Studio City International (NYSE:MSC) Sets New 1-Year Low – What’s Next?

Shares of Studio City International Holdings Limited (NYSE:MSC) hit a new 52-week low during trading on Wednesday . The company traded as low as $3.51 and last traded at $3.83, with a volume of 17118 shares trading hands. The stock had previously closed at $4.10.

Studio City International Stock Down 6.7 %

The business’s 50-day moving average is $5.31 and its two-hundred day moving average is $6.01. The firm has a market capitalization of $806.21 million, a price-to-earnings ratio of -8.32 and a beta of -0.40. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.

Institutional Investors 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 shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

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.