Studio City International (NYSE:MSC) Stock Price Up 7.8% – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC)’s stock price rose 7.8% during trading on Tuesday . The stock traded as high as $5.39 and last traded at $5.37. Approximately 2,170 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 34,233 shares. The stock had previously closed at $4.98.

Studio City International Stock Performance

The stock has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.41. 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 cap of $556.92 million, a price-to-earnings ratio of -10.93 and a beta of -0.38.

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 during 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 lifted its holdings in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. 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.