Studio City International (NYSE:MSC) Shares Up 3.5% – Time to Buy?

Shares of Studio City International Holdings Limited (NYSE:MSC) were up 3.5% during mid-day trading on Tuesday . The company traded as high as $3.60 and last traded at $3.75. Approximately 109 shares were traded during trading, a decline of 99% from the average daily volume of 8,271 shares. The stock had previously closed at $3.62.

Studio City International Price Performance

The stock has a market capitalization of $817.58 million, a PE ratio of -8.43 and a beta of -0.35. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The firm has a 50 day moving average price of $3.86 and a 200 day moving average price of $5.39.

Studio City International (NYSE:MSC) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) EPS 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 $152.86 million during the quarter.

Hedge Funds Weigh In On Studio City International

A hedge fund recently raised its stake in Studio City International stock. Walleye Capital LLC increased its position in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the period. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 at the end of the most recent reporting period.

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.