India, Feb. 20 -- Shares of Six Flags Entertainment Corp. (SIX) are losing more than 20 percent in the morning trade on Thursday at $30.73, after the theme park operator reported a loss for the fourth quarter, and cut its quarterly dividend by nearly 70 percent.
Further, the company said it is facing challenges related to its base business and warned that soft organic revenue trends as well as increasing operating cost headwinds, primarily related to higher minimum and market wages, will be difficult to overcome in 2020.
The stock has traded in a range of $29.98 to $59.52 in the past 52 weeks.
The company's fourth-quarter net loss was $11.16 million or $0.13 per share, compared to net income of $79.42 million or $0.93 per share in the ye...