Canterbury Park (NASDAQ:CPHC) Shares Cross Below 200 Day Moving Average – Here’s Why

Canterbury Park Holding Corporation (NASDAQ:CPHC) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $15.69 and traded as low as $15.63. Canterbury Park shares last traded at $15.63, with a volume of 2,959 shares changing hands.

Analyst Upgrades and Downgrades

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

Canterbury Park Trading Up 1.1%

The firm has a market capitalization of $81.20 million, a PE ratio of 155.00 and a beta of -0.40. The company has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $15.68.

Canterbury Park (NASDAQ:CPHC) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $19.08 million for the quarter. Canterbury Park had a return on equity of 0.70% and a net margin of 0.97%.

Canterbury Park Announces Dividend

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

Hedge Funds Weigh In On 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 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,546 shares of the company’s stock, valued at approximately $166,000. BlackRock Inc. owned about 0.20% of Canterbury Park at the end of the most recent reporting period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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.