Studio City Ih (NYSE:MSC) Stock Price Down 6.9% - What's Next?

Key Points

• Studio City Ih shares dropped 6.9% during trading, reaching a low of $4.95 before closing at $4.81, with trading volume down by 38% from its average.
• The company's most recent earnings report showed a loss of ($0.07) per share, with a revenue of $161.72 million and negative net margin and return on equity figures.
• An institutional investor, Invesco Ltd., has recently purchased a new position in Studio City Ih, acquiring 25,000 shares valued at approximately $141,000.

Shares of Studio City Ih (NYSE:MSC - Get Free Report) dropped 6.9% during mid-day trading on Monday . The stock traded as low as $4.95 and last traded at $4.81. Approximately 1,800 shares changed hands during trading, a decline of 38% from the average daily volume of 2,910 shares. The stock had previously closed at $5.16.

Studio City Ih Price Performance

The company's 50-day moving average price is $3.94 and its 200-day moving average price is $3.65. 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 company has a market cap of $1.01 billion, a P/E ratio of -13.73 and a beta of -0.08.

Studio City Ih (NYSE:MSC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.36%. The business had revenue of $161.72 million during 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) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.