Studio City International (NYSE:MSC) Shares Gap Up – Time to Buy?

Studio City International Holdings Limited (NYSE:MSC) shares gapped up prior to trading on Friday . The stock had previously closed at $3.76, but opened at $3.85. Studio City International shares last traded at $3.68, with a volume of 103 shares changing hands.

Studio City International Stock Performance

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 company has a market capitalization of $780.49 million, a PE ratio of -8.05 and a beta of -0.41. The company has a 50 day moving average price of $3.92 and a 200 day moving average price of $5.44.

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 firm had revenue of $152.86 million during the quarter.

Institutional Trading of Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new position in Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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.