Empire Resorts (NASDAQ:NYNY) Stock Price Crosses Below 200 Day Moving Average of $0.00

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Empire Resorts Inc (NASDAQ:NYNY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $9.37. Empire Resorts shares last traded at $9.37, with a volume of 154 shares.

Separately, BidaskClub lowered Empire Resorts from a “hold” rating to a “sell” rating in a research note on Monday, July 15th.

The company has a debt-to-equity ratio of 2.75, a current ratio of 0.37 and a quick ratio of 0.36. The company has a 50 day moving average of $9.79.

Empire Resorts (NASDAQ:NYNY) last announced its earnings results on Wednesday, May 8th. The company reported ($1.09) earnings per share for the quarter. The firm had revenue of $57.61 million for the quarter. Empire Resorts had a negative return on equity of 74.60% and a negative net margin of 68.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Empire Resorts by 39.6% during the fourth quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock worth $163,000 after purchasing an additional 4,557 shares during the period. Geode Capital Management LLC increased its stake in shares of Empire Resorts by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock worth $563,000 after purchasing an additional 997 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Empire Resorts by 1.1% during the fourth quarter. BlackRock Inc. now owns 289,765 shares of the company’s stock worth $2,936,000 after purchasing an additional 3,047 shares during the period. Institutional investors own 1.91% of the company’s stock.

Empire Resorts Company Profile (NASDAQ:NYNY)

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.

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