Free Trial

Studio City Ih (NYSE:MSC) Stock Price Up 2.2% - Here's Why

Studio City Ih logo with Consumer Discretionary background

Key Points

  • Studio City International Holdings Limited (NYSE:MSC) stock price increased by 2.2%, closing at $4.87 after hitting a high of $4.98 during trading.
  • Approximately 40,856 shares were traded, reflecting a 390% increase in trading volume compared to the average daily volume of 8,332 shares.
  • Invesco Ltd. has recently acquired 25,000 shares of Studio City Ih, indicating institutional interest in the stock.
  • Want stock alerts on Studio City Ih? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Studio City Ih (NYSE:MSC - Get Free Report)'s stock price rose 2.2% during trading on Monday . The company traded as high as $4.98 and last traded at $4.87. Approximately 40,856 shares were traded during mid-day trading, an increase of 390% from the average daily volume of 8,332 shares. The stock had previously closed at $4.76.

Studio City Ih Stock Up 2.2%

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -13.90 and a beta of -0.08. The stock has a 50 day moving average of $4.34 and a 200 day moving average of $3.67. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 3.62.

Hedge Funds Weigh In On Studio City Ih

An institutional investor recently bought a new position in Studio City Ih stock. Invesco Ltd. bought a new stake in Studio City Ih (NYSE:MSC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Featured Articles

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.

Should You Invest $1,000 in Studio City Ih Right Now?

Before you consider Studio City Ih, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Studio City Ih wasn't on the list.

While Studio City Ih currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Quiet Growth Stocks With Major Momentum
The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines