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Studio City Ih (NYSE:MSC) Shares Gap Down - Here's What Happened

Studio City Ih logo with Consumer Discretionary background

Key Points

  • Studio City Ih (NYSE:MSC) experienced a significant drop in its stock price, opening at $3.58 after closing at $4.80, with the last traded price at $4.59.
  • The company reported (-$0.07) earnings per share for the latest quarter, with revenue of $161.72 million, accompanied by a negative return on equity and net margin.
  • Invesco Ltd. recently acquired a new stake in Studio City Ih, purchasing 25,000 shares valued at approximately $141,000.
  • MarketBeat previews top five stocks to own in October.

Studio City Ih (NYSE:MSC - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.80, but opened at $3.58. Studio City Ih shares last traded at $4.59, with a volume of 3,616 shares.

Studio City Ih Price Performance

The company has a market cap of $1.05 billion, a PE ratio of -14.30 and a beta of -0.08. The company has a debt-to-equity ratio of 3.62, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a fifty day moving average price of $3.89 and a 200-day moving average price of $3.66.

Studio City Ih (NYSE:MSC - Get Free Report) last posted its 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 business 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 position in shares of Studio City Ih (NYSE:MSC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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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