Studio City International (NYSE:MSC) Shares Gap Down – Time to Sell?

Studio City International Holdings Limited (NYSE:MSC) gapped down before the market opened on Thursday . The stock had previously closed at $6.54, but opened at $6.11. Studio City International shares last traded at $6.11, with a volume of 595 shares trading hands.

Studio City International Price Performance

The stock has a market capitalization of $717.47 million, a PE ratio of -14.09 and a beta of -0.42. The firm’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $6.47. 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 issued its earnings results on Tuesday, November 5th. The company reported ($0.11) 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 $174.63 million during the quarter.

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 position in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent disclosure with the 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 about 0.06% of Studio City International worth $488,000 as of its most recent SEC filing.

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.