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

Full House Resorts, Inc. (NASDAQ:FLL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.54 and traded as high as $2.57. Full House Resorts shares last traded at $2.49, with a volume of 170,246 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on FLL. Weiss Ratings reissued a “sell (e+)” rating on shares of Full House Resorts in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Full House Resorts from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Finally, Craig Hallum dropped their price objective 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 research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Full House Resorts has a consensus rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Trading Down 4.7%

The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. The stock’s fifty day moving average is $2.56 and its 200 day moving average is $2.54. The stock has a market cap of $88.84 million, a P/E ratio of -2.29 and a beta of 1.22.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. HRT Financial LP bought a new position in shares of Full House Resorts in the 4th quarter valued at about $27,000. Jane Street Group LLC purchased a new stake in Full House Resorts in the 1st quarter worth about $54,000. Tower Research Capital LLC TRC raised its position in Full House Resorts by 570.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock worth $57,000 after purchasing an additional 13,366 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in Full House Resorts in the 2nd quarter worth about $60,000. Finally, R Squared Ltd raised its position in Full House Resorts by 45.6% in the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock worth $66,000 after purchasing an additional 7,965 shares during the period. Institutional investors 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.