Monarch Casino & Resort Inc. (NASDAQ:MCRI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.17 and last traded at $23.81, with a volume of 153,152 shares. The stock had previously closed at $23.80.

The stock has a market capitalization of $412.29 million and a price-to-earnings ratio of 19.22. The company has a 50-day moving average of $22.74 and a 200-day moving average of $20.72.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by $0.02. Equities research analysts expect that Monarch Casino & Resort Inc. will post $1.30 EPS for the current fiscal year.

An institutional investor recently raised its position in Monarch Casino & Resort stock. Russell Frank Co increased its stake in shares of Monarch Casino & Resort Inc. (NASDAQ:MCRI) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,515 shares of the company’s stock after buying an additional 12,170 shares during the period. Russell Frank Co owned 0.39% of Monarch Casino & Resort worth $1,536,000 at the end of the most recent reporting period.

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.