Century Casinos (NASDAQ:CNTY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Century Casinos, Inc. (NASDAQ:CNTY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.92 and traded as high as $3.91. Century Casinos shares last traded at $3.79, with a volume of 77,859 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CNTY shares. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research note on Tuesday, November 5th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Craig Hallum began coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Century Casinos has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Performance

The stock’s 50 day moving average price is $3.68 and its 200 day moving average price is $2.92. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58. The firm has a market cap of $116.29 million, a PE ratio of -1.56 and a beta of 2.60.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same period last year, the firm earned ($0.47) EPS. As a group, equities analysts forecast that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC increased its stake in Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock worth $3,917,000 after buying an additional 325,890 shares during the period. Empowered Funds LLC increased its stake in Century Casinos by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after buying an additional 3,752 shares during the period. Sei Investments Co. purchased a new stake in Century Casinos during the 2nd quarter worth $32,000. Royce & Associates LP increased its stake in Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after buying an additional 61,522 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Century Casinos during the 2nd quarter worth $215,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

About Century Casinos

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.