Studio City International Holdings Limited (NYSE:MSC - Get Free Report) shares dropped 8.3% during trading on Monday . The company traded as low as $2.76 and last traded at $2.72. Approximately 7,968 shares changed hands during trading, a decline of 28% from the average daily volume of 11,106 shares. The stock had previously closed at $2.96.
Studio City International Stock Down 3.6 %
The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The firm's 50-day moving average price is $3.37 and its 200 day moving average price is $4.71. The firm has a market capitalization of $684.83 million, a price-to-earnings ratio of -7.07 and a beta of -0.17.
Studio City International (NYSE:MSC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%. The company had revenue of $161.72 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new position in Studio City International Holdings Limited (NYSE:MSC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $141,000.
Studio City International 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.
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