Century Casinos (NASDAQ:CNTY) Shares Pass Above 200-Day Moving Average - Here's Why

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.92 and traded as high as $3.91. Century Casinos shares last traded at $3.79, with a volume of 77,859 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNTY. Stifel Nicolaus raised their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. StockNews.com upgraded Century Casinos from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Craig Hallum initiated coverage on Century Casinos in a research report on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price objective for the company. Finally, JMP Securities upgraded shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $5.50.

Century Casinos Stock Performance

The company has a 50-day moving average of $3.68 and a 200-day moving average of $2.92. The company has a market cap of $115.06 million, a PE ratio of -1.54 and a beta of 2.60. 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 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). The business had revenue of $155.70 million for 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 quarter in the previous year, the firm earned ($0.47) earnings per share. As a group, analysts anticipate that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

Institutional Trading of Century Casinos

A number of hedge funds have recently bought and sold shares of CNTY. Empowered Funds LLC grew its holdings in shares of 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 last quarter. Geode Capital Management LLC boosted its position in Century Casinos by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company's stock valued at $726,000 after buying an additional 5,220 shares during the period. Sei Investments Co. bought a new stake in Century Casinos in the 2nd quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Century Casinos in the 2nd quarter worth $103,000. Finally, Squarepoint Ops LLC increased its position in shares of Century Casinos by 64.0% in the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company's stock valued at $324,000 after acquiring an additional 45,695 shares during the period. 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.