Caesars Acquisition Co. (NASDAQ:CACQ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.43 and last traded at $12.00, with a volume of 40,857 shares trading hands. The stock had previously closed at $11.57.

The stock’s 50 day moving average is $10.49 and its 200 day moving average is $7.41. The firm has a market cap of $1.66 billion and a P/E ratio of 50.67.

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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