Eldorado Resorts Inc. (ERI) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 3.16% to wrap the day at $14.04 after closing the day prior at $13.61. Throughout the trading session, shares of ERI rose as high as $14.5 and dipped as low as $13.52. Today’s advance came with about 782,600 shares changing hands, compared to an average 30-day volume of 379,231 for Eldorado Resorts Inc.. The price is currently below the 30-day volume weighted average price of $13.97 for ERI.
The share appreciation today gives the company a market capitalization of $640.7 million based upon 47.08 million shares outstanding. It also means that ERI has a price-to-book ratio of 2.24:1.
In the past 52 weeks, shares of ERI have traded as low as $8.47 and as high as $15.6. Technical traders will take note that at $14.04, shares of ERI are trading above their 200-day MA at $12.56 and below their 50-day MA at $14.28. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is ERI?
Eldorado Resorts Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The company’s 7800 employees are led by CEO Gary L. Carano from the corporate headquarters at 100 West Liberty Street in Reno, NV.
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