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.

Studio City Ih (NYSE:MSC - Get Free Report)'s stock price was down 6.9% during mid-day trading on Monday . The company traded as low as $4.95 and last traded at $4.81. Approximately 1,800 shares were traded during mid-day 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 Stock Performance

The firm has a market cap of $950.35 million, a price-to-earnings ratio of -12.89 and a beta of -0.08. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 3.62. The stock has a fifty day moving average price of $4.12 and a 200-day moving average price of $3.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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.