Studio City International (NYSE:MSC) Trading Down 5.7% – Should You Sell?

Studio City International Holdings Limited (NYSE:MSC) shares fell 5.7% during trading on Tuesday . The stock traded as low as $4.41 and last traded at $4.58. 5,517 shares were traded during mid-day trading, a decline of 49% from the average session volume of 10,855 shares. The stock had previously closed at $4.85.

Studio City International Stock Performance

The stock has a 50-day moving average of $5.52 and a 200 day moving average of $6.10. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a market capitalization of $834.45 million, a P/E ratio of -8.61 and a beta of -0.40.

Studio City International (NYSE:MSC) last announced 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 business had revenue of $174.63 million during the quarter.

Institutional Trading of Studio City International

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