Shares of Monarch Casino & Resort Inc. (NASDAQ:MCRI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.27 and last traded at $24.16, with a volume of 25,950 shares trading hands. The stock had previously closed at $23.92.

The company has a market cap of $416.02 million and a PE ratio of 19.391. The stock’s 50 day moving average price is $22.97 and its 200 day moving average price is $20.83.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.02. On average, analysts forecast that Monarch Casino & Resort Inc. will post $1.30 earnings per share for the current year.

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s operating segments include Atlantis and Monarch Casino Black Hawk.

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