Studio City International (NYSE:MSC) Shares Gap Up – Should You Buy?

Studio City International Holdings Limited (NYSE:MSC) gapped up prior to trading on Friday . The stock had previously closed at $6.43, but opened at $6.96. Studio City International shares last traded at $6.42, with a volume of 3,219 shares changing hands.

Studio City International Trading Down 2.8 %

The firm’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $6.93. The company has a market capitalization of $692.04 million, a PE ratio of -10.78 and a beta of -0.46. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 3.29.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. Studio City International had a negative net margin of 16.62% and a negative return on equity of 12.66%. The company had revenue of $161.50 million during the quarter.

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.