Empire Resorts (NASDAQ:NYNY) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports.

Separately, ValuEngine cut shares of Empire Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Shares of NYNY stock opened at $9.74 on Friday. Empire Resorts has a 12 month low of $6.31 and a 12 month high of $16.96. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.60 and a current ratio of 0.62. The company’s fifty day moving average price is $9.70 and its 200-day moving average price is $10.61.

Empire Resorts (NASDAQ:NYNY) last announced its earnings results on Thursday, August 8th. The company reported ($1.05) EPS for the quarter. Empire Resorts had a negative net margin of 65.05% and a negative return on equity of 77.24%. The business had revenue of $60.07 million for the quarter.

A hedge fund recently raised its stake in Empire Resorts stock. Tower Research Capital LLC TRC lifted its stake in Empire Resorts Inc (NASDAQ:NYNY) by 137.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,756 shares of the company’s stock after purchasing an additional 2,171 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Empire Resorts were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 31.24% of the company’s stock.

About Empire Resorts

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.

Further Reading: Equity Income

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