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Codere Online Luxembourg (NASDAQ:CDRO) Stock Price Up 0.2% - Should You Buy?

Codere Online Luxembourg logo with Consumer Discretionary background

Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Get Free Report)'s share price rose 0.2% during trading on Monday . The stock traded as high as $8.39 and last traded at $8.39. Approximately 35,165 shares were traded during trading, a decline of 32% from the average daily volume of 51,564 shares. The stock had previously closed at $8.37.

Codere Online Luxembourg Price Performance

The firm's 50-day moving average price is $7.83 and its 200 day moving average price is $7.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Codere Online Luxembourg

A number of institutional investors and hedge funds have recently bought and sold shares of CDRO. Raymond James Financial Inc. bought a new position in Codere Online Luxembourg in the 4th quarter valued at about $64,000. Geode Capital Management LLC boosted its holdings in shares of Codere Online Luxembourg by 25.0% in the fourth quarter. Geode Capital Management LLC now owns 13,600 shares of the company's stock worth $88,000 after buying an additional 2,723 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Codere Online Luxembourg by 64.7% in the fourth quarter. Hood River Capital Management LLC now owns 25,596 shares of the company's stock worth $165,000 after buying an additional 10,059 shares during the period. Diametric Capital LP boosted its holdings in shares of Codere Online Luxembourg by 183.3% in the fourth quarter. Diametric Capital LP now owns 38,743 shares of the company's stock worth $250,000 after buying an additional 25,068 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Codere Online Luxembourg by 15.3% in the first quarter. FNY Investment Advisers LLC now owns 424,661 shares of the company's stock worth $3,078,000 after buying an additional 56,484 shares during the period. Institutional investors own 10.30% of the company's stock.

About Codere Online Luxembourg

(Get Free Report)

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.

Further Reading

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