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

Studio City Ih logo with Consumer Discretionary background

Studio City Ih (NYSE:MSC - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $2.81, but opened at $2.90. Studio City Ih shares last traded at $2.89, with a volume of 5,257 shares.

Studio City Ih Trading Up 8.6%

The business has a 50 day moving average of $2.98 and a 200-day moving average of $3.89. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $702.75 million, a P/E ratio of -6.67 and a beta of -0.16.

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 (EPS) for the quarter. Studio City Ih had a negative return on equity of 14.77% and a negative net margin of 15.56%. The business had revenue of $161.72 million for the quarter.

Institutional Trading of Studio City Ih

An institutional investor recently bought a new position 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 its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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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