Studio City International (NYSE:MSC) Sets New 52-Week Low at $11.87

Studio City International Holdings Limited (NYSE:MSC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.87 and last traded at $11.87, with a volume of 3146 shares traded. The stock had previously closed at $14.25.

Separately, ValuEngine raised shares of Studio City International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 10th.

The company has a quick ratio of 5.87, a current ratio of 5.95 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $14.73 and its 200 day moving average is $15.40. The firm has a market capitalization of $932.77 million, a price-to-earnings ratio of -3.33 and a beta of -0.80.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($1.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.22) by $0.19. The firm had revenue of $0.94 million for the quarter. Studio City International had a negative net margin of 8.11% and a negative return on equity of 21.78%.

An institutional investor recently raised its position in Studio City International stock. Silver Point Capital L.P. grew its stake in Studio City International Holdings Limited (NYSE:MSC) by 42.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,392,680 shares of the company’s stock after purchasing an additional 4,586,262 shares during the period. Studio City International comprises approximately 30.5% of Silver Point Capital L.P.’s investment portfolio, making the stock its 2nd largest position. Silver Point Capital L.P. owned 19.59% of Studio City International worth $250,438,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Studio City International Company Profile (NYSE:MSC)

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company also operates Studio City Casino with 250 mass market gaming tables; approximately 947 gaming machines; and 45 VIP rolling chip tables. In addition, its resort provides various non-gaming facilities, including approximately 1,600 luxury hotel rooms; food and beverage outlets; retail space; figure-8 Ferris wheel; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

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