Studio City Ih (NYSE:MSC) Trading 7.6% Higher - Time to Buy?

Key Points

• Studio City Ih's stock price increased by 7.6%, reaching a last traded price of $4.93, despite a notable decrease in trading volume by 89% compared to the average.
• The company reported a negative net margin of 15.56% and a negative return on equity of 14.77% in its recent earnings, indicating ongoing financial challenges.
• Invesco Ltd. has recently acquired a new stake, purchasing 25,000 shares valued at approximately $141,000, reflecting institutional interest in the company.

Studio City Ih (NYSE:MSC - Get Free Report)'s stock price was up 7.6% on Friday . The company traded as high as $4.80 and last traded at $4.93. Approximately 997 shares changed hands during trading, a decline of 89% from the average daily volume of 9,157 shares. The stock had previously closed at $4.58.

Studio City Ih Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -9.86 and a beta of -0.13. The stock's 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.66.

Studio City Ih (NYSE:MSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter. The business had revenue of $161.72 million during the quarter. Studio City Ih had a negative net margin of 15.56% and a negative return on equity of 14.77%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Studio City Ih stock. Invesco Ltd. bought a new position in shares of Studio City Ih (NYSE:MSC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $141,000.

About Studio City Ih

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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