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

Key Points

• Studio City International Holdings (NYSE:MSC) saw its shares open at $4.96, an increase from the previous close of $4.65, but they last traded at $4.42 after a 5.1% decline.
• The company has a market capitalization of approximately $930.33 million and a notable debt-to-equity ratio of 3.62.
• Invesco Ltd. recently acquired 25,000 shares of Studio City Ih, worth around $141,000, signaling institutional interest in the stock.

Shares of Studio City Ih (NYSE:MSC - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $4.65, but opened at $4.96. Studio City Ih shares last traded at $4.42, with a volume of 855 shares traded.

Studio City Ih Stock Down 2.4%

The company has a debt-to-equity ratio of 3.62, a current ratio of 0.96 and a quick ratio of 0.92. The firm's 50-day moving average is $4.16 and its 200 day moving average is $3.66. The stock has a market cap of $927.15 million, a price-to-earnings ratio of -12.57 and a beta of -0.08.

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 filing with the Securities & Exchange Commission. The fund 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.