Bally’s (NYSE:BALY) Sees Strong Trading Volume – Here’s What Happened

Shares of Bally’s Co. (NYSE:BALY) saw unusually-high trading volume on Wednesday . Approximately 481,497 shares traded 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 Stock Up 0.4 %

The stock has a fifty day simple moving average of $17.76 and a two-hundred day simple moving average of $16.67. The firm has a market cap of $732.01 million, a PE ratio of -1.20 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.

Institutional Trading of Bally’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new position in shares of Bally’s during the 3rd quarter valued at $38,000. Point72 DIFC Ltd purchased a new stake in Bally’s in the third quarter valued at approximately $48,000. Quest Partners LLC purchased a new position in Bally’s in the 2nd quarter worth approximately $131,000. SG Americas Securities LLC bought a new stake in shares of Bally’s during the 3rd quarter worth $153,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Bally’s in the second quarter worth $217,000. Institutional investors 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.