Studio City International (NYSE:MSC) Shares Up 4.6% – What’s Next?

Studio City International Holdings Limited (NYSE:MSC)’s share price shot up 4.6% during trading on Thursday . The company traded as high as $7.00 and last traded at $6.60. 6,221 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 5,783 shares. The stock had previously closed at $6.31.

Studio City International Stock Up 4.6 %

The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. The stock’s fifty day simple moving average is $6.53 and its 200 day simple moving average is $6.68.

Studio City International (NYSE:MSC) last issued its earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter. The firm 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its stake in Studio City International Holdings Limited (NYSE:MSC) by 19.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 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.