Century Casinos (NASDAQ:CNTY) Shares Cross Above 200 Day Moving Average – Should You Sell?

Century Casinos, Inc. (NASDAQ:CNTY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.46 and traded as high as $1.48. Century Casinos shares last traded at $1.44, with a volume of 79,448 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on CNTY shares. Weiss Ratings upgraded Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Stifel Nicolaus set a $3.00 price objective on Century Casinos in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Century Casinos Stock Up 2.1%

The firm has a market capitalization of $40.85 million, a PE ratio of -0.75 and a beta of 1.66. The business’s 50 day simple moving average is $1.41 and its 200 day simple moving average is $1.46. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.06. The firm had revenue of $137.24 million during the quarter, compared to analysts’ expectations of $138.40 million. Century Casinos had a negative net margin of 9.88% and a negative return on equity of 3,789.52%. On average, equities research analysts forecast that Century Casinos, Inc. will post -1.73 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

Large investors have recently modified their holdings of the business. Mink Brook Asset Management LLC raised its holdings in shares of Century Casinos by 13.3% in the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after purchasing an additional 16,004 shares in the last quarter. Renaissance Technologies LLC boosted its position in Century Casinos by 58.5% during the fourth quarter. Renaissance Technologies LLC now owns 287,849 shares of the company’s stock valued at $383,000 after purchasing an additional 106,200 shares in the last quarter. Veradace Capital Management LLC bought a new stake in Century Casinos during the fourth quarter valued at about $2,076,000. Goldman Sachs Group Inc. boosted its position in Century Casinos by 35.8% during the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after purchasing an additional 30,998 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Century Casinos by 18.5% during the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after purchasing an additional 11,793 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.