Caesars Acquisition Co. (NASDAQ:CACQ) traded up 5.7% during mid-day trading on Wednesday . The stock traded as high as $11.65 and last traded at $11.58, with a volume of 61,928 shares. The stock had previously closed at $10.96.

The stock has a 50 day moving average of $10.41 and a 200-day moving average of $7.38. The company has a market cap of $1.59 billion and a price-to-earnings ratio of 48.66.

Caesars Acquisition Company (CAC) was formed to make an equity investment in Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and Caesars Entertainment Corporation. CAC’s primary asset is its membership interest in CGP LLC and does not have any operations other than through its interest in CGP LLC.

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