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Empire Resorts (NASDAQ:NYNY) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, American Banking News reports.

The analysts wrote, “Empire Resorts (NYNY) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.”

Empire Resorts (NASDAQ:NYNY) traded up 2.29% on Wednesday, hitting $7.59. The stock had a trading volume of 33,187 shares. Empire Resorts has a 1-year low of $1.90 and a 1-year high of $8.60. The stock has a 50-day moving average of $7.33 and a 200-day moving average of $5.66. The company’s market cap is $280.0 million.

Empire Resorts, Inc (NASDAQ:NYNY) is a holding company for various subsidiaries engaged in the hospitality and gaming industries.

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