Century Casinos (NASDAQ:CNTY) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.71 and traded as high as $4.48. Century Casinos shares last traded at $4.31, with a volume of 261,131 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Macquarie reduced their price target on Century Casinos from $5.00 to $4.00 and set an "outperform" rating for the company in a report on Friday, August 9th. JMP Securities upgraded Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company 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. Finally, Stifel Nicolaus lifted their price objective on Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th.

Century Casinos Price Performance

The firm has a fifty day moving average of $2.85 and a 200 day moving average of $2.71. The company has a market capitalization of $129.48 million, a P/E ratio of -1.74 and a beta of 2.55. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58.

Century Casinos (NASDAQ:CNTY - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS 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 quarter in the previous year, the business posted ($0.47) earnings per share. On average, equities research analysts anticipate that Century Casinos, Inc. will post -2.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. purchased a new position in Century Casinos in the second quarter worth about $32,000. Quadrature Capital Ltd purchased a new position in Century Casinos in the first quarter worth about $51,000. Virtu Financial LLC purchased a new position in Century Casinos in the first quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Century Casinos in the second quarter worth about $103,000. Finally, Empowered Funds LLC boosted its position in Century Casinos by 8.1% in the first quarter. Empowered Funds LLC now owns 66,935 shares of the company's stock worth $212,000 after purchasing an additional 5,042 shares during the last quarter. 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.