Century Casinos (NASDAQ:CNTY) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.01 and traded as high as $3.05. Century Casinos shares last traded at $3.01, with a volume of 29,686 shares.

Wall Street Analysts Forecast Growth

CNTY has been the subject of several research reports. Craig Hallum assumed coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price target for the company. Stifel Nicolaus increased their target price on Century Casinos from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. StockNews.com raised Century Casinos from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $5.00 price objective on shares of Century Casinos in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Century Casinos currently has an average rating of "Moderate Buy" and a consensus target price of $5.50.

Century Casinos Stock Performance

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 stock has a market cap of $94.49 million, a PE ratio of -1.27 and a beta of 2.64. The firm has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.01.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The business had revenue of $155.70 million during the quarter, compared to analyst estimates 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 posted ($0.47) EPS. Research analysts forecast that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. purchased a new stake in Century Casinos during the 2nd quarter valued at about $32,000. Cubist Systematic Strategies LLC purchased a new stake in Century Casinos in the second quarter valued at approximately $215,000. Squarepoint Ops LLC increased its holdings in Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company's stock worth $324,000 after buying an additional 45,695 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Century Casinos during the 2nd quarter worth approximately $103,000. Finally, Rice Hall James & Associates LLC lifted its stake 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 valued at $3,917,000 after acquiring an additional 325,890 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.