Studio City International (NYSE:MSC) Shares Gap Down – Should You Sell?

Studio City International Holdings Limited (NYSE:MSC) gapped down prior to trading on Friday . The stock had previously closed at $3.36, but opened at $3.21. Studio City International shares last traded at $3.18, with a volume of 406 shares trading hands.

Studio City International Trading Down 8.2 %

The stock has a market cap of $650.06 million, a price-to-earnings ratio of -6.71 and a beta of -0.35. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The company has a 50 day moving average of $3.66 and a 200-day moving average of $5.25.

Studio City International (NYSE:MSC) last announced its earnings results on Thursday, February 27th. The company reported ($0.14) 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 business had revenue of $152.86 million for the quarter.

Institutional Investors Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new stake in Studio City International Holdings Limited (NYSE:MSC) in the 4th quarter, according to the company in its most recent 13F filing 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

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.