Stocks of PENN Entertainment Inc (NASDAQ:PENN) traded higher last session on Wall Street, down -5.58% to $18.26.
PENN stock price is now 9.05% away from the 50-day moving average and -10.93% away from the 200-day moving average. The market capitalization of the company currently stands at $2.78B.
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On June 21, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $30, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, HANDLER DAVID A, Director bought 40,000 shares of the company’s stock on May 29 ’24. The stock was bought for $597,600 at an average price of $14.94. Upon completion of the transaction, the Director now directly owns 283,450 shares in the company, valued at $5.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Director HANDLER DAVID A bought 20,000 shares of the business’s stock. A total of $316,850 was incurred on buying the stock at an average price of $15.84. This leaves the insider owning 20,000 shares of the company worth $0.37 million. A total of 1.10% of the company’s stock is owned by insiders.
During the past 12 months, PENN Entertainment Inc has had a low of $13.50 and a high of $29.38. As of last week, the company has a debt-to-equity ratio of 3.72, a current ratio of 1.04, and a quick ratio of 1.04. The fifty day moving average price for PENN is $16.7752 and a two-hundred day moving average price translates $20.4826 for the stock.
The latest earnings results from PENN Entertainment Inc (NASDAQ: PENN) was released for 2024-03-31. The net profit margin was -17.78% and return on equity was -30.87% for PENN. The company reported revenue of $1.61 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.97 percent.
