Studio City International (NYSE:MSC) Trading Up 7.2% – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC) shot up 7.2% on Friday . The company traded as high as $3.88 and last traded at $4.02. 153 shares were traded during mid-day trading, a decline of 99% from the average session volume of 13,348 shares. The stock had previously closed at $3.75.

Studio City International Stock Up 1.6 %

The stock has a 50-day moving average of $5.15 and a 200 day moving average of $5.96. The company has a market capitalization of $802.84 million, a PE ratio of -8.28 and a beta of -0.40. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

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% during the 3rd 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 acquiring an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent filing with the SEC.

About Studio City International

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.