Canterbury Park (NASDAQ:CPHC) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Canterbury Park shares rose above their 200-day moving average, reaching $15.99 before closing at $15.86, slightly above the $15.73 long-term average.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock’s “sell” rating, and the sole covering analyst rates it Sell. The company reported a quarterly loss of $0.03 per share on $16.17 million in revenue.
• Canterbury Park paid a quarterly dividend of $0.07 per share, equivalent to an annualized $0.28 and a 1.8% yield, while institutional investors own 76.37% of the outstanding stock.

Shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $15.73 and traded as high as $15.99. Canterbury Park shares last traded at $15.86, with a volume of 709 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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 data from MarketBeat, the stock has an average rating of "Sell".

Canterbury Park Price Performance

The company's 50-day simple moving average is $15.75 and its 200-day simple moving average is $15.73. The stock has a market capitalization of $82.15 million, a P/E ratio of 793.00 and a beta of -0.40.

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

Canterbury Park Announces Dividend

The company also recently announced 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 dividend on an annualized basis 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%.

Institutional Investors Weigh In On Canterbury Park

A hedge fund recently raised its stake in Canterbury Park stock. Gamco Investors INC. ET AL increased its holdings in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Free Report) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 375,393 shares of the company's stock after purchasing an additional 2,000 shares during the period. Gamco Investors INC. ET AL owned 7.29% of Canterbury Park worth $5,852,000 as of its most recent filing with the SEC. 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.

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