Studio City International (NYSE:MSC) Shares Gap Up – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) shares gapped up prior to trading on Monday . The stock had previously closed at $3.75, but opened at $3.93. Studio City International shares last traded at $3.98, with a volume of 229 shares changing hands.

Studio City International Stock Performance

The stock’s 50-day moving average price is $4.10 and its 200-day moving average price is $5.58. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market cap of $814.42 million, a P/E ratio of -8.40 and a beta of -0.41.

Studio City International (NYSE:MSC) last issued its earnings results on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The business had revenue of $152.86 million for the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new stake in Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

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.