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

Canterbury Park Holding Corporation (NASDAQ:CPHC)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.68 and traded as low as $15.58. Canterbury Park shares last traded at $15.66, with a volume of 1,457 shares trading hands.

Wall Street Analyst Weigh In

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

Canterbury Park Price Performance

The company’s 50 day moving average price is $15.77 and its two-hundred day moving average price is $15.68. The stock has a market capitalization of $81.12 million, a PE ratio of 783.00 and a beta of -0.40.

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

Canterbury Park Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.28 annualized dividend and a yield of 1.8%. Canterbury Park’s payout ratio is presently 1,400.00%.

Hedge Funds Weigh In On Canterbury Park

A hedge fund recently bought a new stake in Canterbury Park stock. BlackRock Inc. purchased a new position in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,546 shares of the company’s stock, valued at approximately $166,000. BlackRock Inc. owned about 0.20% of Canterbury Park as of its most recent SEC filing. 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 facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere.

In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.