Empire Resorts Inc. (NYNY) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of NYNY have climbed 6.14% about 30 minutes into the session to $18.67 after closing the day prior at $17.59. It’s early, but the stock has traded as high as $18.67 and as low as $17.64 so far. Today’s quick advance has come with about 413 shares changing hands, compared to an average 30-day volume of 8,434 for Empire Resorts Inc.. The price is currently below the 30-day volume weighted average price of $18.15 for NYNY.
The share appreciation gives the company a market capitalization of $547.56 million based upon 31.13 million shares outstanding. It also means that NYNY has a price-to-book ratio of 1.89:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of NYNY have traded as low as $11.38 and as high as $26.35. Technical traders will take note that at $18.67, shares of NYNY are trading above their 200-day MA at $16.19 and above their 50-day MA at $16.87. 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 NYNY?
Empire Resorts Inc, through its subsidiary, owns and operates Monticello Casino and Raceway, a 45,000 square foot video gaming machine and harness horse-racing facility located in Monticello, New York. The company’s 277 employees are led by CEO Joseph A. D'Amato from the corporate headquarters at c/o Monticello Casino and Raceway.
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