Canterbury Park (NASDAQ:CPHC) Stock Crosses Below 200 Day Moving Average – What’s Next?

Canterbury Park Holding Corporation (NASDAQ:CPHC) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $15.71 and traded as low as $15.68. Canterbury Park shares last traded at $15.8160, with a volume of 585 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Canterbury Park Stock Up 0.3%

The firm has a fifty day moving average price of $15.69 and a 200 day moving average price of $15.71. The company has a market cap of $81.85 million, a P/E ratio of 790.05 and a beta of -0.40.

Canterbury Park (NASDAQ:CPHC) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $16.17 million during the quarter. Canterbury Park had a net margin of 0.20% and a return on equity of 0.14%.

Canterbury Park Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park’s payout ratio is currently 1,400.00%.

Institutional Trading of Canterbury Park

An institutional investor recently bought a new position in Canterbury Park stock. BlackRock Inc. purchased a new stake in Canterbury Park Holding Corporation (NASDAQ:CPHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,546 shares of the company’s stock, valued at approximately $166,000. BlackRock Inc. owned approximately 0.20% of Canterbury Park at the end of the most recent reporting period. Institutional investors own 76.37% of the company’s stock.

Canterbury Park Company Profile

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse-racing and entertainment complex in Shakopee, Minnesota. The facility hosts live thoroughbred and quarter-horse racing during its seasonal racing calendar and offers pari-mutuel wagering, simulcast racing, and related racing activities.

In addition to horse racing, Canterbury Park provides card gaming, dining, special events, concerts, and other entertainment offerings. Its event facilities are used for corporate functions, weddings, festivals, and community gatherings.