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 Friday . The stock had previously closed at $3.96, but opened at $3.79. Studio City International shares last traded at $3.85, with a volume of 103 shares.

Studio City International Trading Down 1.1 %

The firm has a market capitalization of $824.95 million, a PE ratio of -8.51 and a beta of -0.41. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The business’s fifty day moving average price is $4.01 and its 200 day moving average price is $5.53.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $152.86 million for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Investors Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC boosted its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to the company in its most recent disclosure with the 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 about 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.

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.