Century Casinos (NASDAQ:CNTY) Stock Crosses Above 200-Day Moving Average – Here’s Why

Century Casinos, Inc. (NASDAQ:CNTY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.71 and traded as high as $4.48. Century Casinos shares last traded at $4.31, with a volume of 261,131 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNTY. 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. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a report on Tuesday, November 5th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Macquarie cut their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th.

Century Casinos Stock Down 1.0 %

The firm has a market cap of $132.08 million, a PE ratio of -1.77 and a beta of 2.55. The business’s 50 day moving average price is $2.85 and its 200 day moving average price is $2.71. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.91.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Monday, November 4th. The company reported ($0.26) EPS 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 company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same period in the prior year, the firm earned ($0.47) EPS. On average, equities research analysts expect that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its position in Century Casinos by 214.6% during the first quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock worth $465,000 after acquiring an additional 100,333 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Century Casinos by 8.1% during the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after purchasing an additional 5,042 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Century Casinos by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after purchasing an additional 13,372 shares in the last quarter. Nokomis Capital L.L.C. increased its holdings in shares of Century Casinos by 9.3% in the first quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company’s stock valued at $6,174,000 after purchasing an additional 165,452 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Century Casinos during the first quarter worth approximately $51,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.

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.