Studio City International (NYSE:MSC) Shares Gap Down to $8.72

Studio City International Holdings Limited (NYSE:MSC) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.72, but opened at $8.53. Studio City International shares last traded at $8.53, with a volume of 100 shares.

Studio City International Stock Performance

The company has a quick ratio of 1.98, a current ratio of 2.02 and a debt-to-equity ratio of 3.20. The stock’s fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $6.20.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $141.25 million during the quarter. Studio City International had a negative return on equity of 16.03% and a negative net margin of 30.99%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Studio City International stock. Renaissance Technologies LLC bought a new position in Studio City International Holdings Limited (NYSE:MSC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,100 shares of the company’s stock, valued at approximately $74,000.

Studio City International Company Profile

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. It operates Studio City Casino 250 gaming tables including 15 tables for VIP rolling chip operations, and 552 gaming machines; and resort, which offers various non-gaming facilities, including approximately 1,600 luxury hotel rooms, food and beverage outlets, figure-8 Ferris wheel, a night club and karaoke, a 5,000-seat live performance arena, and approximately 34,400 square meters of complementary retail space.