Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: January 10, 2017
Just yesterday Monarch Casino & Resort, Inc. (NASDAQ:MCRI) traded 1.71% higher at $25.54. Monarch Casino & Resort, Inc.’s 50-day moving average is $25.62 and its 200-day moving average is $24.03. The last stock price is up 6.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 0 shares of the stock were exchanged, down from an average trading volume of 61,062
Zacks Investment Research has downgraded Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to Hold in a report released on 1/11/2017.
Previously on 1/04/2017, Zacks Investment Research released a statement on Monarch Casino & Resort, Inc. (NASDAQ:MCRI) upped the target price from $0.00 to $30.00 that suggested an upside of 0.17%.
See Chart Below
Monarch Casino & Resort, Inc. has a 52 week low of $17.29 and a 52 week high of $27.46 with a P/E ratio of 19.35 The company’s market cap is currently $0.
General Information About Monarch Casino & Resort, Inc. (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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