Full House Resorts (NASDAQ:FLL) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Full House Resorts, Inc. (NASDAQ:FLL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.54 and traded as high as $2.71. Full House Resorts shares last traded at $2.58, with a volume of 155,593 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Full House Resorts in a research note on Tuesday, April 21st. Craig Hallum lowered their target price on Full House Resorts from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, Wall Street Zen lowered Full House Resorts from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Trading Down 2.6%

The company has a market cap of $93.55 million, a P/E ratio of -2.41 and a beta of 1.21. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. The business has a fifty day simple moving average of $2.54 and a 200 day simple moving average of $2.54.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.01. The business had revenue of $74.42 million for the quarter, compared to the consensus estimate of $77.22 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.

Institutional Trading of Full House Resorts

Large investors have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new stake in Full House Resorts in the 4th quarter valued at approximately $27,000. Jane Street Group LLC acquired a new position in shares of Full House Resorts during the 1st quarter valued at $54,000. Tower Research Capital LLC TRC increased its position in shares of Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after purchasing an additional 13,366 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Full House Resorts during the 2nd quarter valued at $60,000. Finally, R Squared Ltd increased its position in shares of Full House Resorts by 45.6% during the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock valued at $66,000 after purchasing an additional 7,965 shares during the period. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.