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

Studio City International Holdings Limited (NYSE:MSC) shares hit a new 52-week low during trading on Friday . The stock traded as low as $4.12 and last traded at $4.55, with a volume of 33178 shares traded. The stock had previously closed at $4.58.

Studio City International Price Performance

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 company has a market capitalization of $503.78 million, a P/E ratio of -9.89 and a beta of -0.38. The company’s fifty day moving average price is $6.01 and its 200 day moving average price is $6.31.

Studio City International (NYSE:MSC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The company had revenue of $174.63 million for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC increased its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

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.