Yesterday, the President of Monarch Casino & Resort Inc (NASDAQ: MCRI), Bob Farahi, bought shares of MCRI for $358.7K.
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Based on Monarch Casino & Resort Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $59.91 million and quarterly net profit of $9.24 million. In comparison, last year the company earned revenue of $58.23 million and had a net profit of $7.24 million. MCRI’s market cap is $802.2M and the company has a P/E ratio of 28.41. Currently, Monarch Casino & Resort Inc has an average volume of 55.26K.
The insider sentiment on Monarch Casino & Resort Inc has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino (formerly the Riviera Black Hawk Casino) in Black Hawk, Colorado.
