Maxim Group Reiterates Hold Rating for Hall of Fame Resort & Entertainment (NASDAQ:HOFV)

Hall of Fame Resort & Entertainment (NASDAQ:HOFV)‘s stock had its “hold” rating reissued by Maxim Group in a research note issued to investors on Friday, Benzinga reports.

Hall of Fame Resort & Entertainment Stock Up 0.5 %

NASDAQ HOFV opened at $1.67 on Friday. The company has a 50-day moving average price of $1.94 and a 200-day moving average price of $2.57. The firm has a market capitalization of $10.93 million, a P/E ratio of -0.15 and a beta of 1.92. Hall of Fame Resort & Entertainment has a 52 week low of $1.59 and a 52 week high of $4.04.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last posted its quarterly earnings results on Monday, August 12th. The company reported ($2.41) earnings per share for the quarter, topping 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 return on equity of 53.14% and a negative net margin of 281.11%. During the same quarter in the previous year, the company earned ($2.39) earnings per share.

Hedge Funds Weigh In On Hall of Fame Resort & Entertainment

A hedge fund recently bought a new stake in Hall of Fame Resort & Entertainment stock. Virtu Financial LLC purchased a new position in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) in the 1st quarter, according to the company in its most recent Form 13F 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 approximately 0.24% of Hall of Fame Resort & Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 3.62% of the company’s stock.

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.