Canterbury Park (NASDAQ:CPHC) Shares Cross Below 200 Day Moving Average – Here’s Why

Canterbury Park Holding Corporation (NASDAQ:CPHC) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $15.69 and traded as low as $15.63. Canterbury Park shares last traded at $15.63, with a volume of 2,959 shares trading hands.

Analyst Ratings Changes

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

Canterbury Park Stock Performance

The firm has a market capitalization of $80.96 million, a PE ratio of 781.50 and a beta of -0.40. The firm’s 50-day moving average is $15.75 and its 200 day moving average is $15.69.

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

Canterbury Park Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend 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 1,400.00%.

Institutional Trading of Canterbury Park

An institutional investor recently bought a new stake in Canterbury Park stock. BlackRock Inc. acquired a new position in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,546 shares of the company’s stock, valued at approximately $166,000. BlackRock Inc. owned approximately 0.20% of Canterbury Park at the end of the most recent reporting period. Hedge funds and other 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.