Studio City International (NYSE:MSC) Trading 7.2% Higher – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s stock price shot up 7.2% during mid-day trading on Friday . The stock traded as high as $3.88 and last traded at $4.02. 153 shares changed hands during trading, a decline of 99% from the average session volume of 13,348 shares. The stock had previously closed at $3.75.

Studio City International Stock Up 1.6 %

The stock has a market capitalization of $802.84 million, a P/E ratio of -8.28 and a beta of -0.40. 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 stock has a fifty day moving average price of $5.15 and a 200 day moving average price of $5.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. purchased a new position in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

About Studio City International

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.