Century Casinos (NASDAQ:CNTY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Century Casinos, Inc. (NASDAQ:CNTY) passed 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.

Analyst Ratings Changes

A number of equities analysts recently commented on CNTY shares. JMP Securities upgraded Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a report on Tuesday, November 5th. Craig Hallum started coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price objective for the company. StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on Century Casinos from $4.00 to $5.00 and gave the company a “buy” 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Performance

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 has a market cap of $90.51 million, a price-to-earnings ratio of -1.21 and a beta of 2.64. The stock’s 50 day moving average is $3.81 and its two-hundred day moving average is $2.99.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). The company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. During the same period in the prior year, the business earned ($0.47) EPS. 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

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Century Casinos by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after acquiring an additional 5,220 shares during the period. RBF Capital LLC raised its holdings in Century Casinos by 23.1% during the third quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock worth $946,000 after purchasing an additional 69,349 shares in the last quarter. Empowered Funds LLC lifted its position in Century Casinos by 5.2% in the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after purchasing an additional 3,752 shares during the period. Royce & Associates LP boosted its holdings in Century Casinos by 2.2% in the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after purchasing an additional 61,522 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock worth $3,917,000 after purchasing an additional 325,890 shares during the period. 66.36% of the stock is 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.