Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Trading Down 3.8%

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) shares traded down 3.8% on Wednesday . The stock traded as low as $1.76 and last traded at $1.76. 19,893 shares traded hands during trading, a decline of 1% from the average session volume of 20,136 shares. The stock had previously closed at $1.83.

Hall of Fame Resort & Entertainment Price Performance

The stock has a market capitalization of $11.53 million, a price-to-earnings ratio of -0.16 and a beta of 1.93. The stock’s 50 day simple moving average is $2.31 and its 200-day simple moving average is $2.85.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last released its quarterly earnings data on Monday, August 12th. The company reported ($2.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.80) by $0.39. The business had revenue of $4.70 million during the quarter. Hall of Fame Resort & Entertainment had a negative net margin of 281.11% and a negative return on equity of 53.14%. During the same period in the previous year, the firm posted ($2.39) EPS.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hall of Fame Resort & Entertainment stock. Virtu Financial LLC purchased a new stake in shares of Hall of Fame Resort & Entertainment (NASDAQ:HOFV) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,418 shares of the company’s stock, valued at approximately $55,000. Virtu Financial LLC owned about 0.24% of Hall of Fame Resort & Entertainment as of its most recent SEC filing. 3.62% of the stock is currently owned by institutional investors and hedge funds.

About Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the DoubleTree by Hilton located in downtown Canton, and the Hall of Fame Village, which is a multi-use sports, entertainment, and media destination. The company is headquartered in Canton, Ohio.