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

Century Casinos, Inc. (NASDAQ:CNTY) 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Craig Hallum began coverage on Century Casinos in a research report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price objective on the stock. 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. Stifel Nicolaus boosted their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Down 1.7 %

The company has a market capitalization of $88.98 million, a P/E ratio of -1.19 and a beta of 2.64. 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 stock’s fifty day moving average is $3.80 and its 200 day moving average is $2.99.

Century Casinos (NASDAQ:CNTY) last posted its earnings results 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 firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the prior year, the company posted ($0.47) earnings per share. Research analysts predict that Century Casinos, Inc. will post -2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Large investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in Century Casinos in the second quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Century Casinos during the second quarter valued at approximately $103,000. Empowered Funds LLC grew its stake in 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 during the period. Cubist Systematic Strategies LLC purchased a new stake in Century Casinos in the second quarter worth $215,000. Finally, Squarepoint Ops LLC raised its holdings in Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after purchasing an additional 45,695 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

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.