Studio City International (NYSE:MSC) Sees Unusually-High Trading Volume – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC) shares saw unusually-strong trading volume on Thursday . Approximately 19,560 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 15,443 shares.The stock last traded at $3.74 and had previously closed at $3.70.

Studio City International Trading Down 7.1 %

The company has a market cap of $677.24 million, a P/E ratio of -6.99 and a beta of -0.40. The business’s 50-day moving average price is $4.68 and its 200 day moving average price is $5.79. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The business had revenue of $152.86 million for 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 bought a new position in Studio City International stock. Invesco Ltd. bought a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $141,000.

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.