Century Casinos (NASDAQ:CNTY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Century Casinos, Inc. (NASDAQ:CNTY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.99 and traded as high as $3.06. Century Casinos shares last traded at $2.95, with a volume of 119,273 shares trading hands.

Wall Street Analysts Forecast Growth

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

Century Casinos Price Performance

The company has a market cap of $88.98 million, a PE ratio of -1.19 and a beta of 2.64. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The stock’s 50-day moving average is $3.80 and its 200 day moving average is $2.99.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $155.70 million during the quarter, compared to analyst estimates of $158.10 million. During the same period in the previous year, the business earned ($0.47) EPS. On average, equities analysts anticipate that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Large investors have recently modified their holdings of the business. Sei Investments Co. acquired a new stake in Century Casinos in the 2nd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Century Casinos in the second quarter worth $103,000. Empowered Funds LLC lifted its stake in shares of Century Casinos by 5.2% during the third 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. Cubist Systematic Strategies LLC purchased a new stake in shares of Century Casinos during the second quarter valued at $215,000. Finally, Squarepoint Ops LLC increased its position in shares of Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after acquiring an additional 45,695 shares during the period. 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.