Studio City International (NYSE:MSC) Trading Down 6.6% – Should You Sell?

Studio City International Holdings Limited (NYSE:MSC) shares fell 6.6% during trading on Wednesday . The stock traded as low as $6.05 and last traded at $6.05. 247 shares were traded during mid-day trading, a decline of 96% from the average session volume of 5,576 shares. The stock had previously closed at $6.48.

Studio City International Price Performance

The stock has a 50-day moving average price of $6.47 and a 200 day moving average price of $6.51. The firm has a market capitalization of $701.96 million, a PE ratio of -13.78 and a beta of -0.42. 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 quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The company had revenue of $174.63 million for the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC boosted its position in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 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.