Century Casinos (NASDAQ:CNTY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Century Casinos, Inc. (NASDAQ:CNTY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.95 and traded as high as $3.16. Century Casinos shares last traded at $3.13, with a volume of 115,366 shares changing hands.

Wall Street Analyst Weigh In

CNTY has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. JMP Securities upgraded 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 report on Tuesday, November 5th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum began coverage on shares of Century Casinos in a report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Century Casinos currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Price Performance

The company has a market capitalization of $96.04 million, a P/E ratio of -1.29 and a beta of 2.59. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The business has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $2.95.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The firm had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. During the same quarter in the prior year, the business earned ($0.47) earnings per share. Analysts predict that Century Casinos, Inc. will post -2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. acquired a new stake in Century Casinos in the 2nd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Century Casinos during the 2nd quarter worth $103,000. Empowered Funds LLC grew its stake in shares of Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Century Casinos during the second quarter valued at $215,000. Finally, Squarepoint Ops LLC raised its stake in shares of Century Casinos by 64.0% during the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after purchasing an additional 45,695 shares in the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Century Casinos Company Profile

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.