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

Full House Resorts, Inc. (NASDAQ:FLL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

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

Full House Resorts Stock Down 2.6%

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 business has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.54. The firm has a market capitalization of $93.55 million, a P/E ratio of -2.41 and a beta of 1.21.

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

Hedge Funds Weigh In On Full House Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLL. HRT Financial LP bought a new position in Full House Resorts during the fourth quarter valued at about $27,000. Jane Street Group LLC bought a new position in Full House Resorts during the first quarter valued at about $54,000. Tower Research Capital LLC TRC increased 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 valued at $57,000 after acquiring an additional 13,366 shares during the period. Occudo Quantitative Strategies LP bought a new position in Full House Resorts during the second quarter valued at about $60,000. Finally, R Squared Ltd increased its stake in Full House Resorts by 45.6% during the fourth quarter. R Squared Ltd now owns 25,417 shares of the company’s stock valued at $66,000 after acquiring an additional 7,965 shares during the period. 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.