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STUDIO CITY IH (NYSE:MSC) Shares Gap Down - Here's Why

Studio City Ih logo with Consumer Discretionary background

STUDIO CITY IH (NYSE:MSC - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.91, but opened at $4.62. STUDIO CITY IH shares last traded at $4.57, with a volume of 765 shares trading hands.

STUDIO CITY IH Price Performance

The stock's 50-day moving average is $3.43 and its 200 day moving average is $3.65. The company has a debt-to-equity ratio of 3.45, a current ratio of 1.01 and a quick ratio of 0.95. The company has a market cap of $1.03 billion, a PE ratio of -9.73 and a beta of -0.13.

STUDIO CITY IH (NYSE:MSC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $161.72 million during the quarter. STUDIO CITY IH had a negative return on equity of 14.77% and a negative net margin of 15.56%.

Institutional Investors Weigh In On STUDIO CITY IH

A hedge fund recently bought a new stake in STUDIO CITY IH stock. Invesco Ltd. bought a new stake in STUDIO CITY IH (NYSE:MSC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the company's stock, valued at approximately $141,000.

About STUDIO CITY IH

(Get Free Report)

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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