Studio City Ih (NYSE:MSC) Stock Price Down 6.4% - Time to Sell?

Key Points

• Studio City International Holdings experienced a 6.4% drop in its stock price, trading at $4.32, with a significant decrease in trading volume by 89% compared to its average.
• The company has a debt-to-equity ratio of 3.62 and a market capitalization of approximately $951.40 million, indicating potential financial strain.
• Recently, Invesco Ltd. acquired 25,000 shares of Studio City Ih stock, valued at around $141,000, suggesting institutional interest despite the stock's decline.

Studio City Ih (NYSE:MSC - )'s share price was down 6.4% on Monday . The company traded as low as $4.48 and last traded at $4.32. Approximately 945 shares changed hands during trading, a decline of 89% from the average daily volume of 8,869 shares. The stock had previously closed at $4.61.

Studio City Ih Stock Down 2.1%

The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.92 and a current ratio of 0.96. The business has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $3.66. The company has a market capitalization of $951.40 million, a price-to-earnings ratio of -12.90 and a beta of -0.08.

Institutional Trading of Studio City Ih

An institutional investor recently bought a new position in Studio City Ih stock. Invesco Ltd. acquired a new stake in Studio City Ih (NYSE:MSC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

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