Studio City International (NYSE:MSC) Shares Gap Up – Here’s What Happened

Studio City International Holdings Limited (NYSE:MSC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.08, but opened at $4.23. Studio City International shares last traded at $3.80, with a volume of 12,291 shares changing hands.

Studio City International Trading Down 0.5 %

The firm has a market cap of $764.90 million, a price-to-earnings ratio of -7.89 and a beta of -0.40. The business has a 50 day moving average of $4.78 and a 200 day moving average of $5.83. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

Institutional Trading of Studio City International

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. The firm 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.