Full House Resorts (NASDAQ:FLL) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Full House Resorts, Inc. (NASDAQ:FLL) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.54 and traded as high as $2.57. Full House Resorts shares last traded at $2.49, with a volume of 170,246 shares trading hands.

Wall Street Analysts Forecast Growth

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

Full House Resorts Stock Performance

The company’s fifty day simple moving average is $2.55 and its two-hundred day simple moving average is $2.54. 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 company has a market capitalization of $90.29 million, a price-to-earnings ratio of -2.33 and a beta of 1.22.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. HRT Financial LP bought a new position in shares of Full House Resorts in the 4th quarter worth about $27,000. Jane Street Group LLC bought a new position in shares of Full House Resorts in the 1st quarter worth about $54,000. Tower Research Capital LLC TRC lifted its position in shares of Full House Resorts by 570.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock worth $57,000 after buying an additional 13,366 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Full House Resorts in the 2nd quarter worth about $60,000. Finally, R Squared Ltd lifted its position in shares of Full House Resorts by 45.6% in the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock worth $66,000 after buying an additional 7,965 shares during the last quarter. 37.68% of the stock is currently owned by institutional investors.

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.