Century Casinos (NASDAQ:CNTY) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.05 and traded as high as $3.13. Century Casinos shares last traded at $3.12, with a volume of 56,385 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNTY. Stifel Nicolaus upped their target price on Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. JMP Securities reiterated a "market outperform" rating and set a $5.00 target price on shares of Century Casinos in a research note on Monday, January 27th. StockNews.com upgraded Century Casinos from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Craig Hallum assumed coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They issued a "buy" rating and a $8.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5.50.

Century Casinos Price Performance

The company has a market capitalization of $92.65 million, a price-to-earnings ratio of -1.24 and a beta of 2.64. The company has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.05. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted its earnings results 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 business had revenue of $155.70 million during the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.47) earnings per share. On average, equities research analysts expect that Century Casinos, Inc. will post -2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sei Investments Co. acquired a new stake in shares of Century Casinos in the second quarter valued at approximately $32,000. Squarepoint Ops LLC grew its stake in 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 buying an additional 45,695 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Century Casinos during the second quarter worth approximately $215,000. Rice Hall James & Associates LLC boosted its holdings 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 worth $3,917,000 after acquiring an additional 325,890 shares during the period. Finally, Royce & Associates LP lifted its holdings in Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company's stock worth $7,414,000 after purchasing an additional 61,522 shares during the last quarter. Institutional investors and hedge funds 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.