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Studio City Ih (NYSE:MSC) Shares Gap Up - Here's Why

Studio City Ih logo with Consumer Discretionary background

Studio City Ih (NYSE:MSC - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.24, but opened at $4.62. Studio City Ih shares last traded at $4.59, with a volume of 646 shares changing hands.

Studio City Ih Price Performance

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 price is $3.11 and its 200 day moving average price is $3.74. The company has a market cap of $940.86 million, a price-to-earnings ratio of -8.93 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 (EPS) for the quarter. Studio City Ih had a negative net margin of 15.56% and a negative return on equity of 14.77%. The business had revenue of $161.72 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City Ih stock. Invesco Ltd. purchased a new stake in Studio City Ih (NYSE:MSC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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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