Century Casinos (NASDAQ:CNTY) Shares Cross Above 200-Day Moving Average - Should You Sell?

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

CNTY has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Century Casinos from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Craig Hallum assumed coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They set a "buy" rating and a $8.00 price target for the company. JMP Securities upgraded shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 target price for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One 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 has a consensus rating of "Moderate Buy" and an average target price of $5.50.

Century Casinos Price Performance

The firm's 50-day moving average is $3.80 and its 200-day moving average is $2.99. The company has a market capitalization of $88.98 million, a PE ratio of -1.19 and a beta of 2.64. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted 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 the consensus estimate 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 firm earned ($0.47) earnings per share. Equities analysts predict that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

Several hedge funds have recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC raised 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 acquiring an additional 325,890 shares during the last quarter. Empowered Funds LLC raised 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 buying an additional 3,752 shares in the last quarter. Sei Investments Co. bought a new position in Century Casinos in the second quarter worth about $32,000. Royce & Associates LP raised 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 buying an additional 61,522 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Century Casinos in the second quarter worth about $215,000. 66.36% of the stock is owned by 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.