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

Key Points

• Studio City Ih's stock price opened significantly lower at $4.60, down from a previous close of $5.00, reflecting a drop of about 7.2% in early trading.
• The company reported a quarterly earnings loss of ($0.07) per share and a revenue of $161.72 million, alongside a negative net margin of 15.56% and a return on equity of -14.77%.
• Invesco Ltd. has acquired a new stake in Studio City Ih, purchasing 25,000 shares valued at approximately $141,000.

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 $5.00, but opened at $4.60. Studio City Ih shares last traded at $4.64, with a volume of 1,207 shares changing hands.

Studio City Ih Trading Down 7.2%

The stock has a market capitalization of $977.72 million, a price-to-earnings ratio of -9.28 and a beta of -0.13. 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's 50 day moving average is $3.58 and its 200 day moving average is $3.65.

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

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 position in shares of Studio City Ih (NYSE:MSC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 25,000 shares of the company's stock, valued at approximately $141,000.

About Studio City Ih

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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