Bally’s Co. (NYSE:BALY – Get Free Report) saw strong trading volume on Wednesday . 481,497 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 264,858 shares.The stock last traded at $17.98 and had previously closed at $17.93.
Bally’s Price Performance
The firm has a market cap of $729.16 million, a PE ratio of -1.19 and a beta of 2.04. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The company has a 50 day moving average price of $17.79 and a 200 day moving average price of $16.73.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of BALY. Longfellow Investment Management Co. LLC acquired a new stake in Bally’s in the 3rd quarter valued at $38,000. Point72 DIFC Ltd purchased a new stake in shares of Bally’s in the third quarter worth about $48,000. Quest Partners LLC acquired a new stake in shares of Bally’s in the second quarter valued at about $131,000. SG Americas Securities LLC purchased a new stake in shares of Bally’s during the 3rd quarter valued at about $153,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in Bally’s during the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 70.41% of the company’s stock.
Bally’s Company Profile
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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