Full House Resorts (NASDAQ:FLL) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Full House Resorts, Inc. (NASDAQ:FLL)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.59 and traded as high as $2.61. Full House Resorts shares last traded at $2.56, with a volume of 91,224 shares traded.

Analyst Upgrades and Downgrades

FLL has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a report on Thursday, January 22nd. Craig Hallum lowered their price target on shares of Full House Resorts from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Full House Resorts currently has a consensus rating of “Hold” and an average target price of $4.00.

Full House Resorts Trading Up 5.1%

The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.69 and a current ratio of 0.72. The firm’s fifty day simple moving average is $2.38 and its 200-day simple moving average is $2.59. The stock has a market cap of $97.71 million, a P/E ratio of -2.43 and a beta of 1.28.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.11). The firm had revenue of $75.42 million for the quarter, compared to the consensus estimate of $78.66 million. Full House Resorts had a negative return on equity of 233.18% and a negative net margin of 13.29%.

Institutional Trading of Full House Resorts

Several large investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC grew its position in shares of Full House Resorts by 2.6% during the 3rd quarter. Mink Brook Asset Management LLC now owns 207,198 shares of the company’s stock worth $665,000 after buying an additional 5,192 shares during the period. State Street Corp grew its position in shares of Full House Resorts by 4.0% during the 4th quarter. State Street Corp now owns 157,375 shares of the company’s stock worth $411,000 after buying an additional 6,100 shares during the period. R Squared Ltd grew its position in shares of Full House Resorts by 45.6% during the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock worth $66,000 after buying an additional 7,965 shares during the period. KG&L Capital Management LLC grew its position in shares of Full House Resorts by 43.5% during the 4th quarter. KG&L Capital Management LLC now owns 33,000 shares of the company’s stock worth $86,000 after buying an additional 10,000 shares during the period. Finally, HRT Financial LP acquired a new stake in shares of Full House Resorts during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

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.