Full House Resorts (NASDAQ:FLL) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Full House Resorts, Inc. (NASDAQ:FLL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.55 and traded as high as $2.80. Full House Resorts shares last traded at $2.66, with a volume of 101,634 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FLL shares. Wall Street Zen downgraded shares of Full House Resorts from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Full House Resorts in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.00.

Full House Resorts Stock Performance

The stock has a market capitalization of $97.54 million, a PE ratio of -2.51 and a beta of 1.20. The firm has a 50-day moving average price of $2.72 and a 200-day moving average price of $2.55. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 187.23.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $74.42 million for the quarter, compared to the consensus estimate of $77.22 million. Full House Resorts had a negative net margin of 12.79% and a negative return on equity of 473.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLL. Private Management Group Inc. increased its stake in shares of Full House Resorts by 1.0% during the 3rd quarter. Private Management Group Inc. now owns 1,725,285 shares of the company’s stock worth $5,538,000 after purchasing an additional 17,551 shares during the last quarter. Vanguard Group Inc. lifted its stake in Full House Resorts by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock valued at $5,135,000 after purchasing an additional 39,075 shares during the last quarter. Rangeley Capital LLC lifted its stake in Full House Resorts by 2.2% in the first quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock valued at $2,060,000 after purchasing an additional 19,578 shares during the last quarter. Orvieto Partners L.P. grew its holdings in Full House Resorts by 40.9% during the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock valued at $1,609,000 after purchasing an additional 207,420 shares during the period. Finally, 1060 Capital LLC bought a new position in Full House Resorts during the fourth quarter valued at $1,044,000. 37.68% of the stock is owned by institutional investors.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.