PENN Entertainment Inc (NASDAQ:PENN) shares traded 4.92% higher at $19.19 on Wall Street last session.
PENN stock price is now -3.72% away from the 50-day moving average and 3.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.93B.
With the price target maintained at $27, JP Morgan recently Upgraded its rating from Neutral to Overweight for PENN Entertainment Inc (NASDAQ: PENN). , while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, HANDLER DAVID A, Director bought 10,000 shares of the company’s stock on Sep 10 ’24. The stock was bought for $175,100 at an average price of $17.51. Upon completion of the transaction, the Director now directly owns 293,450 shares in the company, valued at $5.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Director DHANDA ANUJ bought 15,000 shares of the business’s stock. A total of $276,000 was incurred on buying the stock at an average price of $18.40. This leaves the insider owning 31,523 shares of the company worth $0.6 million. A total of 1.42% of the company’s stock is owned by insiders.
During the past 12 months, PENN Entertainment Inc has had a low of $13.50 and a high of $24.98. As of last week, the company has a debt-to-equity ratio of 3.69, a current ratio of 0.94, and a quick ratio of 0.94. The fifty day moving average price for PENN is $19.9314 and a two-hundred day moving average price translates $18.5759 for the stock.
The latest earnings results from PENN Entertainment Inc (NASDAQ: PENN) was released for 2024-09-30. The net profit margin was -8.51% and return on equity was -16.38% for PENN. The company reported revenue of $1.64 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.22 percent.
