Monarch Casino & Resort Inc. (MCRI) Sees Large Volume Increase
Monarch Casino & Resort Inc. (NASDAQ:MCRI) saw unusually-strong trading volume on Thursday . Approximately 68,797 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 54,905 shares.The stock last traded at $23.13 and had previously closed at $23.03.
The company has a market cap of $398.25 million and a P/E ratio of 19.11. The stock’s 50-day moving average is $21.95 and its 200-day moving average is $20.47.
Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Equities research analysts expect that Monarch Casino & Resort Inc. will post $1.29 EPS for the current fiscal year.
Several large investors have made changes to their positions in MCRI. EAM Investors LLC acquired a new stake in shares of Monarch Casino & Resort during the fourth quarter worth approximately $1,061,000. Oxford Asset Management acquired a new stake in shares of Monarch Casino & Resort during the fourth quarter worth approximately $1,102,000. Finally, Russell Frank Co increased its stake in shares of Monarch Casino & Resort by 22.4% in the fourth quarter. Russell Frank Co now owns 66,515 shares of the company’s stock worth $1,536,000 after buying an additional 12,170 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.