Studio City Ih (NYSE:MSC) Sees Large Volume Increase - Here's Why

Key Points

• Studio City Ih experienced a significant increase in trading volume, with 4,419 shares traded on Tuesday, marking a 46% rise from the previous session.
• The company's stock is currently down 2.2% at $4.70, with a PE ratio of -13.41 and a market capitalization of approximately $989.33 million.
• An institutional investor, Invesco Ltd., recently acquired 25,000 shares of Studio City Ih, valued at around $141,000, signaling growing interest in the firm.

Studio City Ih (NYSE:MSC - Get Free Report) saw an uptick in trading volume on Tuesday . 4,419 shares were traded during trading, an increase of 46% from the previous session's volume of 3,022 shares.The stock last traded at $4.70 and had previously closed at $4.80.

Studio City Ih Stock Down 2.2%

The company's 50-day moving average is $3.78 and its 200 day moving average is $3.65. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.95 and a current ratio of 1.01. The company has a market capitalization of $989.33 million, a PE ratio of -13.41 and a beta of -0.08.

Studio City Ih (NYSE:MSC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.11%. The company had revenue of $161.72 million for the quarter.

Institutional Trading of Studio City Ih

An institutional investor recently bought a new position in Studio City Ih stock. Invesco Ltd. acquired a new stake in shares of Studio City Ih (NYSE:MSC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $141,000.

Studio City Ih 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.

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