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Monarch Casino & Resort (NYSE:MCRI) stock price target increased to $27.00, issued a research note today by Gabelli

In a statement issued on Friday October 14, 2016 Gabelli upped the target of Monarch Casino & Resort (NYSE:MCRI) to $27.00 indicating a possible upside of 0.13%.

Previously on Wednesday June 17, 2015, Imperial Capital released a statement about Monarch Casino & Resort (NYSE:MCRI) increased the target price from $17.00 to $25.00. At the time, this indicated a possible upside of 0.21%.

Just yesterday Monarch Casino & Resort (NYSE:MCRI) traded -1.68% lower at $23.95. The company’s 50-day moving average is $24.07 and its 200-day moving average is $22.11. The last closing price is up 7.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade Volume was down over the average, with 1,735 shares of MCRI changing hands under the typical 41,671

Recent Performance Chart

Monarch Casino & Resort (NYSE:MCRI)

Monarch Casino & Resort has PE ratio of 19.16 with a one year low of $17.29 and a one year high of $25.55 and has a market capitalization of $0.

General Company Details For Monarch Casino & Resort (NYSE: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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