Century Casinos (NASDAQ:CNTY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Century Casinos, Inc. (NASDAQ:CNTY) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.15 and traded as high as $2.61. Century Casinos shares last traded at $2.47, with a volume of 69,246 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CNTY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a report on Saturday, September 27th. JMP Securities set a $3.00 price target on shares of Century Casinos in a report on Friday, July 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Century Casinos in a report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Century Casinos Price Performance

The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42. The firm has a market cap of $74.15 million, a price-to-earnings ratio of -0.72 and a beta of 2.00. The company’s fifty day moving average is $2.55 and its two-hundred day moving average is $2.15.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The business had revenue of $150.82 million for the quarter, compared to analyst estimates of $148.70 million. Century Casinos had a negative net margin of 18.43% and a negative return on equity of 72.39%. Equities research analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current year.

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in Century Casinos by 21.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company’s stock worth $1,286,000 after buying an additional 132,700 shares during the period. Mink Brook Asset Management LLC purchased a new stake in Century Casinos during the 1st quarter worth $203,000. Goldman Sachs Group Inc. increased its stake in Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after buying an additional 30,998 shares during the period. AWM Investment Company Inc. increased its stake in Century Casinos by 22.3% during the 1st quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company’s stock worth $3,486,000 after buying an additional 375,761 shares during the period. Finally, Wealthedge Investment Advisors LLC increased its stake in Century Casinos by 330.9% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company’s stock worth $252,000 after buying an additional 114,431 shares during the period. Hedge funds and other institutional investors own 66.36% of the company’s stock.

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.