Century Casinos (NASDAQ:CNTY) Shares Cross Above 200 Day Moving Average - What's Next?

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s stock price passed 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 traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Craig Hallum initiated coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price target on the stock. StockNews.com upgraded Century Casinos from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Century Casinos from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, JMP Securities raised shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price objective 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.50.

Century Casinos Trading Down 3.1 %

The stock has a market capitalization of $96.34 million, a PE ratio of -1.29 and a beta of 2.59. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. The stock's 50 day moving average price is $3.82 and its 200-day moving average price is $2.97.

Century Casinos (NASDAQ:CNTY - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.73% and a negative return on equity of 41.20%. During the same period last year, the business earned ($0.47) earnings per share. On average, sell-side analysts expect that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Trading of Century Casinos

A number of large investors have recently added to or reduced their stakes in CNTY. Rice Hall James & Associates LLC increased its holdings in shares of Century Casinos by 27.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company's stock worth $3,917,000 after buying an additional 325,890 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Century Casinos in the second quarter worth about $215,000. RBF Capital LLC increased its stake 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 acquiring an additional 69,349 shares during the last quarter. Royce & Associates LP raised its position in Century Casinos by 2.2% during the third 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 during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company's stock valued at $324,000 after purchasing an additional 45,695 shares during the last quarter. 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.