A statement released earlier today by Gabelli about Monarch Casino & Resort (NASDAQ:MCRI) ups the target price to $27.00
- Updated: October 13, 2016
Monarch Casino & Resort (NASDAQ:MCRI) had its price target upped to $27.00 by Gabelli in a report released 10/14/2016. The new stock price target implies a possible upside of 0.12% based on the company's most recent stock price close.
Showing a price of $24.14, Monarch Casino & Resort (NASDAQ:MCRI) traded -1.68% lower on the day. With the last stock price close up 7.36% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. MCRI has recorded a 50-day average of $24.07 and a two hundred day average of $22.11. Trading volume was down over the average, with 1,735 shares of MCRI changing hands under the typical 41,671
With a total market value of $0, Monarch Casino & Resort has price-earnings ratio of 19.16 with a 52 week low of $17.29 and a 52 week high of $25.55 .
General Company Details For Monarch Casino & Resort (NASDAQ:MCRI)
Monarch Casino & Resort, Inc. (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company's operating segments include Atlantis and Monarch Casino Black Hawk. The Atlantis features approximately 61,000 square feet of casino space; over 820 guest rooms and suites; approximately eight food outlets; over two espresso and pastry bars; approximately 30,000 square foot health spa and salon with an enclosed year-round pool; approximately two retail outlets offering clothing and traditional gift shop merchandise, and over 52,000 square feet of banquet, convention and meeting room space. The Monarch Casino Black Hawk features approximately 710 slot machines, over 10 table games, a 250-seat buffet-style restaurant, a snack bar and a parking structure with approximately 500 spaces. The casino space is approximately 27,500 square feet.
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