Studio City Ih (NYSE:MSC) Sees Strong Trading Volume - Should You Buy?

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) shares saw an uptick in trading volume on Tuesday . 4,419 shares traded hands during mid-day 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 Performance

The stock has a market cap of $1.07 billion, a P/E ratio of -14.44 and a beta of -0.08. The stock has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $3.66. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 3.62.

Studio City Ih (NYSE:MSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.36%. The firm had revenue of $161.72 million during the quarter.

Institutional Investors Weigh In On Studio City Ih

An institutional investor recently bought a new position in Studio City Ih stock. Invesco Ltd. acquired a new stake in Studio City Ih (NYSE:MSC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the 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.