Studio City International (NYSE:MSC) Trading Up 7.4% – Still a Buy?

Posted by ABMN Staff on Dec 26th, 2024

Studio City International Holdings Limited (NYSE:MSC – Get Free Report) shot up 7.4% on Tuesday . The company traded as high as $6.50 and last traded at $6.50. 1,677 shares were traded during trading, a decline of 71% from the average session volume of 5,765 shares. The stock had previously closed at $6.05.

Studio City International Stock Up 8.1 %

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 business has a 50-day moving average price of $6.38 and a 200-day moving average price of $6.47. The firm has a market cap of $724.11 million, a P/E ratio of -14.22 and a beta of -0.42.

Studio City International (NYSE:MSC – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $174.63 million during the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Hedge Funds Weigh In On Studio City International

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC increased its holdings in shares of Studio City International Holdings Limited (NYSE:MSC – Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the company’s stock after buying an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Studio City International

(Get Free Report)

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.