Studio City International (NYSE:MSC) Sees Large Volume Increase – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) saw unusually-high trading volume on Thursday . Approximately 27,820 shares were traded during mid-day trading, an increase of 391% from the previous session’s volume of 5,665 shares.The stock last traded at $5.90 and had previously closed at $6.40.

Studio City International Stock Down 10.9 %

The stock has a market capitalization of $631.10 million, a price-to-earnings ratio of -12.39 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. The business’s 50-day moving average is $6.46 and its two-hundred day moving average is $6.50.

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

Institutional Investors Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC grew its holdings in Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

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.