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

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Century Casinos Stock Down 1.7 %

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 firm has a 50-day moving average of $3.80 and a two-hundred day moving average of $2.99. The stock has a market capitalization of $88.98 million, a price-to-earnings ratio of -1.19 and a beta of 2.64.

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 for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The firm had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same period in the previous year, the business posted ($0.47) EPS. As a group, sell-side analysts anticipate that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

Institutional Trading of Century Casinos

Large investors have recently bought and sold shares of the business. Sei Investments Co. bought a new position in shares of Century Casinos during the 2nd quarter worth approximately $32,000. Cubist Systematic Strategies LLC bought a new stake in shares of Century Casinos in the 2nd quarter worth approximately $215,000. Squarepoint Ops LLC raised its holdings 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 worth $324,000 after purchasing an additional 45,695 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Century Casinos in the 2nd quarter worth approximately $103,000. Finally, Rice Hall James & Associates LLC raised 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 purchasing an additional 325,890 shares during the period. 66.36% of the stock is currently owned by institutional investors and hedge funds.

About Century Casinos

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.