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Studio City Ih (NYSE:MSC) Shares Gap Down - What's Next?

Studio City Ih logo with Consumer Discretionary background

Studio City Ih (NYSE:MSC - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.27. Studio City Ih shares last traded at $4.47, with a volume of 2,306 shares.

Studio City Ih Stock Down 3.6%

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 firm has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $3.80. The company has a market cap of $893.45 million, a PE ratio of -8.48 and a beta of -0.13.

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

Hedge Funds Weigh In On Studio City Ih

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

Studio City Ih Company Profile

(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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