Great Canadian Gaming (TSE:GC) Shares Cross Below 50-Day Moving Average of $43.64

Shares of Great Canadian Gaming Corp (TSE:GC) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $43.64 and traded as low as $45.34. Great Canadian Gaming shares last traded at $45.46, with a volume of 24,363 shares traded.

A number of analysts recently commented on GC shares. TD Securities lowered their price objective on Great Canadian Gaming from C$62.00 to C$56.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Royal Bank of Canada set a €86.00 ($100.00) price objective on Henkel AG & Co KGaA and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Cormark lifted their price objective on Pretium Resources from C$15.50 to C$16.00 in a research report on Friday, April 5th.

The business has a 50-day moving average price of C$43.70. The company has a debt-to-equity ratio of 238.04, a current ratio of 1.48 and a quick ratio of 1.37. The stock has a market cap of $2.68 billion and a PE ratio of 18.48.

Great Canadian Gaming (TSE:GC) last posted its earnings results on Monday, May 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. The company had revenue of C$312.10 million for the quarter. As a group, analysts predict that Great Canadian Gaming Corp will post 2.83 EPS for the current year.

In related news, insider Christopher Merrill Roberts bought 2,500 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of C$41.37 per share, for a total transaction of C$103,425.00. Following the transaction, the insider now owns 2,500 shares of the company’s stock, valued at C$103,425. Also, Senior Officer Patrick Stephen Ennis bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were bought at an average price of C$42.19 per share, with a total value of C$84,380.00. Following the completion of the transaction, the insider now directly owns 4,500 shares in the company, valued at approximately C$189,855.

Great Canadian Gaming Company Profile (TSE:GC)

Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company's gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of December 19, 2018, it had 29 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State.

Further Reading: CD Ladder

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