Codere Online Luxembourg (NASDAQ:CDRO) Trading Up 0.2% – What’s Next?

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) was up 0.2% on Monday . The stock traded as high as $8.39 and last traded at $8.39. Approximately 35,165 shares traded hands during trading, a decline of 32% from the average daily volume of 51,564 shares. The stock had previously closed at $8.37.

Codere Online Luxembourg Stock Up 0.2%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day moving average of $7.82 and a two-hundred day moving average of $7.28.

Hedge Funds Weigh In On Codere Online Luxembourg

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC lifted its position in shares of Codere Online Luxembourg by 15.3% during the 1st quarter. FNY Investment Advisers LLC now owns 424,661 shares of the company’s stock worth $3,078,000 after purchasing an additional 56,484 shares during the last quarter. Diametric Capital LP increased its stake in Codere Online Luxembourg by 183.3% during the fourth quarter. Diametric Capital LP now owns 38,743 shares of the company’s stock valued at $250,000 after acquiring an additional 25,068 shares during the period. Hood River Capital Management LLC grew its stake in shares of Codere Online Luxembourg by 64.7% in the 4th quarter. Hood River Capital Management LLC now owns 25,596 shares of the company’s stock valued at $165,000 after purchasing an additional 10,059 shares during the period. Geode Capital Management LLC grew its stake in shares of Codere Online Luxembourg by 25.0% in the 4th quarter. Geode Capital Management LLC now owns 13,600 shares of the company’s stock valued at $88,000 after purchasing an additional 2,723 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Codere Online Luxembourg in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.