Canterbury Park (NASDAQ:CPHC) Stock Breaks Below 200 Day Moving Average - Should You Sell?

Key Points

• Canterbury Park shares fell below their 200-day moving average, trading as low as $15.60 versus the $15.71 average, with the latest price near $15.68.
• Weiss Ratings downgraded the stock to “sell,” while the sole covering analyst also rates it Sell. The company reported a quarterly loss of $0.03 per share on $16.17 million in revenue.
• Canterbury Park declared a quarterly dividend of $0.07 per share, equivalent to a 1.8% annual yield, although its reported dividend payout ratio is an unusually high 1,400%.

Canterbury Park Holding Corporation (NASDAQ:CPHC - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $15.71 and traded as low as $15.60. Canterbury Park shares last traded at $15.6750, with a volume of 894 shares trading hands.

Analysts Set New Price Targets

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

Canterbury Park Stock Performance

The stock's 50 day moving average price is $15.66 and its 200 day moving average price is $15.71. The company has a market capitalization of $81.20 million, a P/E ratio of 783.75 and a beta of -0.39.

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

Canterbury Park Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, September 30th. Canterbury Park's dividend payout ratio (DPR) is presently 1,400.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Canterbury Park stock. BlackRock Inc. acquired a new position in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,546 shares of the company's stock, valued at approximately $166,000. BlackRock Inc. owned 0.20% of Canterbury Park as of its most recent SEC filing. 76.37% of the stock is currently owned by institutional investors.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse-racing and entertainment destination in Shakopee, Minnesota. The company's primary business is conducted through its Canterbury Park facility, which hosts live thoroughbred and quarter-horse racing during a seasonal racing meet.

In addition to live racing, Canterbury Park offers pari-mutuel wagering, simulcast wagering on races from other tracks, and a card casino featuring table games. The property also provides dining, concessions, special events, concerts and other entertainment activities.

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