Studio City International (NYSE:MSC) Shares Gap Up - What's Next?

Studio City International Holdings Limited (NYSE:MSC) saw its share price increase before the market opened on Tuesday. The stock, which had closed at $4.20, opened at a higher price of $4.35. After some trading, Studio City International's shares were last seen at $4.19, with a total volume of 2,555 shares traded during the session.

Studio City International Price Performance

The company has a market capitalization of approximately $881.86 million. Its price-to-earnings ratio stands at -9.10, and it has a beta of -0.40, indicating less volatility compared to the market. Additionally, Studio City International's financial ratios include a current ratio of 1.01, a quick ratio of 0.97, and a notably high debt-to-equity ratio of 3.19. The stock's fifty-day moving average is $5.37, while its two-hundred-day moving average is $6.03, suggesting a declining trend in stock performance over a longer period.

Institutional Trading of Studio City International

Recent reports indicate that institutional investors are showing interest in Studio City International. Specifically, Walleye Capital LLC has increased its stake in the company by 19% during the third quarter. According to their latest 13F filing with the Securities and Exchange Commission, Walleye Capital now holds 65,000 shares of Studio City International, having acquired an additional 10,392 shares during this period. At the conclusion of the most recent quarter, these shares were valued at approximately $488,000, which accounts for about 0.06% of the company.

About Studio City International

Studio City International Holdings Limited operates an entertainment resort in Macau, featuring various attractions. The heart of its operations is the Studio City Casino, which includes gaming tables for both regular and VIP customers, as well as numerous gaming machines. Beyond gaming, the resort boasts a range of non-gaming entertainment options such as a figure-8 ferris wheel, a nightclub, karaoke facilities, a live performance arena, and both indoor and outdoor water parks. The resort also offers hotel accommodations, diverse dining options, and retail spaces.

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