Studio City International (NYSE:MSC) Hits New 52-Week Low – What’s Next?

Shares of Studio City International Holdings Limited (NYSE:MSC) hit a new 52-week low on Friday . The stock traded as low as $3.44 and last traded at $3.50, with a volume of 565 shares traded. The stock had previously closed at $3.46.

Studio City International Trading Down 7.1 %

The company has a 50 day moving average of $4.63 and a two-hundred day moving average of $5.77. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of $677.24 million, a PE ratio of -6.99 and a beta of -0.40.

Studio City International (NYSE:MSC) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share 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 Trading of Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its position in shares of 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 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 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.