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

Studio City International Holdings Limited (NYSE:MSC) saw unusually-high trading volume on Monday . Approximately 5,318 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 8,295 shares.The stock last traded at $3.56 and had previously closed at $3.68.

Studio City International Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $759.63 million, a price-to-earnings ratio of -7.84 and a beta of -0.41. The firm’s fifty day moving average price is $3.92 and its 200 day moving average price is $5.43.

Studio City International (NYSE:MSC) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. The firm 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 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) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.