Full House Resorts (NASDAQ:FLL) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Full House Resorts, Inc. (NASDAQ:FLL) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.55 and traded as high as $3.05. Full House Resorts shares last traded at $2.90, with a volume of 269,076 shares trading hands.

Analysts Set New Price Targets

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

Full House Resorts Price Performance

The company has a debt-to-equity ratio of 187.23, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.55. The stock has a market capitalization of $105.15 million, a P/E ratio of -2.71 and a beta of 1.22.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. The firm had revenue of $74.42 million during 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Occudo Quantitative Strategies LP bought a new stake in shares of Full House Resorts in the second quarter valued at about $60,000. Tower Research Capital LLC TRC raised its holdings in shares of Full House Resorts by 570.7% in the second quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after acquiring an additional 13,366 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Full House Resorts in the first quarter valued at about $54,000. HRT Financial LP bought a new stake in shares of Full House Resorts in the fourth quarter valued at about $27,000. Finally, Rangeley Capital LLC raised its holdings in Full House Resorts by 2.2% in the first quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock worth $2,060,000 after purchasing an additional 19,578 shares in the last quarter. 37.68% of the stock is currently owned by institutional investors.

About Full House Resorts

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.