Full House Resorts (NASDAQ:FLL) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Full House Resorts, Inc. (NASDAQ:FLL)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.56 and traded as high as $2.92. Full House Resorts shares last traded at $2.84, with a volume of 105,711 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on FLL. Wall Street Zen cut shares of Full House Resorts from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Full House Resorts in a research report on Tuesday, April 21st. Finally, Craig Hallum lowered their target price on Full House Resorts from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Two 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. According to data from MarketBeat.com, Full House Resorts currently has an average rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Stock Up 1.8%

The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 187.23. The firm’s 50 day simple moving average is $2.68 and its two-hundred day simple moving average is $2.56. The firm has a market cap of $102.98 million, a price-to-earnings ratio of -2.65 and a beta of 1.22.

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

Institutional Trading of Full House Resorts

A number of institutional investors have recently modified their holdings of FLL. HRT Financial LP acquired a new position in Full House Resorts in the fourth quarter valued at about $27,000. Jane Street Group LLC acquired a new stake in Full House Resorts during the first quarter worth about $54,000. Tower Research Capital LLC TRC grew its stake in Full House Resorts by 570.7% during the second 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 in the last quarter. Occudo Quantitative Strategies LP bought a new position in Full House Resorts in the 2nd quarter valued at about $60,000. Finally, R Squared Ltd increased its holdings in Full House Resorts by 45.6% in the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock valued at $66,000 after buying an additional 7,965 shares during the period. 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.