Monarch Casino & Resort Inc. (MCRI) Soars 1.99% on January 11

Monarch Casino & Resort Inc. (MCRI) Soars 1.99% on January 11


Equities Staff


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Monday, 11 January 2021 17:09 (EST)

Monarch Casino & Resort Inc. (MCRI) had a good day on the market for Monday January 11
as
shares jumped 1.99% to close at $62.38. About 115,247 shares traded hands on 1,748 trades for the day, compared with an average daily volume of
n/a shares out of a total float of 18.26 million. After opening the trading day at $60.83, shares of Monarch Casino & Resort Inc. stayed within a range of $62.55 to
$59.92.

With today’s gains, Monarch Casino & Resort Inc. now has a market cap of
$1.14 billion. Shares of Monarch Casino & Resort Inc. have been trading within a range of $63.96
and $12.83 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Monarch Casino & Resort Inc is engaged in providing exceptional services as well as the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. Its segments include Atlantis and Monarch Casino Black Hawk. Its business strategy is to maximize revenues, operating income, and cash flow primarily through their casino, food and beverage operations and, at the Atlantis, its hotel operations.

Monarch Casino & Resort Inc. is based out of Reno, NV and has some 2,300 employees. Its CEO is John Farahi.

For a complete fundamental analysis of Monarch Casino & Resort Inc., check out Equities.com’s Stock Valuation Analysis report for
MCRI.

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Monarch Casino & Resort Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell
Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an
objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives
a broad, unbiased look at the small-cap market as a whole.


To get more information on Monarch Casino & Resort Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
MCRI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s
Newsdesk. Also, don’t forget to sign-up for our daily
email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE:
The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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