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

Studio City International Holdings Limited (NYSE:MSC)’s share price was down 5.7% on Tuesday . The stock traded as low as $4.41 and last traded at $4.58. Approximately 5,517 shares changed hands during trading, a decline of 49% from the average daily volume of 10,855 shares. The stock had previously closed at $4.85.

Studio City International Price Performance

The firm’s 50-day moving average is $5.60 and its 200-day moving average is $6.13. 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 $932.44 million, a PE ratio of -9.62 and a beta of -0.40.

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

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 position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned about 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.