Century Casinos (NASDAQ:CNTY) Shares Pass Above 200-Day Moving Average – What’s Next?

Century Casinos, Inc. (NASDAQ:CNTY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.97 and traded as high as $3.24. Century Casinos shares last traded at $3.24, with a volume of 110,169 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased 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. Craig Hallum assumed coverage on Century Casinos in a report on Tuesday, November 26th. They set a “buy” rating and a $8.00 price target on the stock. Finally, JMP Securities upgraded Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Century Casinos presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Up 9.1 %

The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The company has a fifty day moving average of $3.81 and a two-hundred day moving average of $2.97. The company has a market cap of $99.41 million, a PE ratio of -1.33 and a beta of 2.59.

Century Casinos (NASDAQ:CNTY) last released 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 business had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the previous year, the business earned ($0.47) EPS. As a group, analysts anticipate that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Century Casinos by 1.9% in the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after purchasing an additional 5,220 shares during the period. RBF Capital LLC increased its stake in Century Casinos by 23.1% in 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 during the period. Empowered Funds LLC increased 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. Royce & Associates LP increased its stake in Century Casinos by 2.2% in the third quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock worth $7,414,000 after purchasing an additional 61,522 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in shares of Century Casinos by 27.1% during the third quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after buying an additional 325,890 shares during the period. Hedge funds and other 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.