Studio City International (NYSE:MSC) Shares Gap Up – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.20, but opened at $4.35. Studio City International shares last traded at $4.19, with a volume of 2,555 shares.

Studio City International Stock Performance

The stock’s fifty day moving average is $5.26 and its two-hundred day moving average is $6.00. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97.

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 stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

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.