Studio City International (NYSE:MSC) Stock Price Down 4.3% – Should You Sell?

Studio City International Holdings Limited (NYSE:MSC)’s share price was down 4.3% during trading on Wednesday . The stock traded as low as $6.15 and last traded at $6.66. Approximately 3,386 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,729 shares. The stock had previously closed at $6.96.

Studio City International Price Performance

The firm has a 50-day moving average of $6.38 and a 200-day moving average of $6.94. The stock has a market cap of $692.04 million, a PE ratio of -10.78 and a beta of -0.46. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.41 and a quick ratio of 1.37.

Studio City International (NYSE:MSC) last announced its quarterly earnings data 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 for 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.