Canterbury Park (NASDAQ:CPHC) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Canterbury Park Holding Corporation (NASDAQ:CPHC) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.68 and traded as low as $15.58. Canterbury Park shares last traded at $15.66, with a volume of 1,457 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Canterbury Park currently has a consensus rating of “Sell”.

Canterbury Park Stock Up 0.3%

The company has a market capitalization of $81.38 million, a price-to-earnings ratio of 785.05 and a beta of -0.40. The firm has a 50 day moving average price of $15.77 and a two-hundred day moving average price of $15.68.

Canterbury Park (NASDAQ:CPHC) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $16.17 million during the quarter. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.

Canterbury Park Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Canterbury Park’s dividend payout ratio is presently 1,400.00%.

Hedge Funds Weigh In On Canterbury Park

A hedge fund recently raised its stake in Canterbury Park stock. Gamco Investors INC. ET AL increased its stake in Canterbury Park Holding Corporation (NASDAQ:CPHC) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 375,393 shares of the company’s stock after buying an additional 2,000 shares during the period. Gamco Investors INC. ET AL owned about 7.29% of Canterbury Park worth $5,852,000 at the end of the most recent reporting period. Institutional investors own 76.37% of the company’s stock.

Canterbury Park Company Profile

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse racing and entertainment facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere.

In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.