Empire Resorts (NYNY) Upgraded at ValuEngine

ValuEngine upgraded shares of Empire Resorts (NASDAQ:NYNY) from a sell rating to a hold rating in a research note released on Friday morning.

NYNY opened at $6.95 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 2.13. Empire Resorts has a 1-year low of $6.31 and a 1-year high of $30.98.

Empire Resorts (NASDAQ:NYNY) last released its quarterly earnings results on Tuesday, August 7th. The company reported ($1.14) earnings per share for the quarter. Empire Resorts had a negative return on equity of 32.25% and a negative net margin of 69.68%. The business had revenue of $49.14 million during the quarter.

An institutional investor recently raised its position in Empire Resorts stock. BlackRock Inc. grew its holdings in Empire Resorts Inc (NASDAQ:NYNY) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,038 shares of the company’s stock after acquiring an additional 24,384 shares during the period. BlackRock Inc. owned 0.86% of Empire Resorts worth $5,605,000 as of its most recent SEC filing. 1.79% of the stock is owned by hedge funds and other institutional investors.

Empire Resorts Company Profile

Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,070 video lottery terminals and 40 electronic table game positions, as well as Resorts World Catskills, a casino resort located in Sullivan County, New York.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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