Caesars Acquisition Co. (NASDAQ:CACQ)’s share price traded down 2.5% during mid-day trading on Monday . The stock traded as low as $11.68 and last traded at $11.79, with a volume of 71,746 shares trading hands. The stock had previously closed at $12.09.

The company has a market capitalization of $1.63 billion and a price-to-earnings ratio of 49.75. The stock’s 50-day moving average is $10.67 and its 200 day moving average is $7.48.

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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