Studio City International (NYSE:MSC) Stock Price Up 4% – Still a Buy?

Studio City International Holdings Limited (NYSE:MSC) shares were up 4% on Tuesday . The stock traded as high as $3.76 and last traded at $3.90. Approximately 202 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 8,270 shares. The stock had previously closed at $3.75.

Studio City International Trading Up 8.8 %

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 business’s 50 day moving average price is $3.95 and its 200-day moving average price is $5.47. The firm has a market cap of $816.52 million, a price-to-earnings ratio of -8.42 and a beta of -0.41.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $152.86 million during the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Hedge Funds 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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.