MTR Gaming Group Lowered to “Sell” at ING Group (MNTG)
MTR Gaming Group (NASDAQ:MNTG) was downgraded by research analysts at ING Group from a “hold” rating to a “sell” rating in a report released on Thursday, ARN reports.
The analysts wrote, “MTR Gaming Group (MNTG) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk.”
MTR Gaming Group (NASDAQ:MNTG) remained flat at $5.16 during during mid-day trading trading on Thursday. The stock had a trading volume of 6,283 shares. MTR Gaming Group has a 52-week low of $2.95 and a 52-week high of $5.84. The stock has a 50-day moving average of $5.36 and a 200-day moving average of $4.47. The company’s market cap is $144.1 million.
MTR Gaming Group (NASDAQ:MNTG) last announced its earnings results on Tuesday, November 5th. The company reported ($0.13) earnings per share for the quarter. During the same quarter last year, the company posted $0.08 earnings per share.
MTR Gaming Group, Inc owns and operates racetrack, gaming and hotel properties in West Virginia, Pennsylvania, and Ohio.
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