Century Casinos (NASDAQ:CNTY) Share Price Passes Above 200 Day Moving Average – What’s Next?

Century Casinos, Inc. (NASDAQ:CNTY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.95 and traded as high as $3.16. Century Casinos shares last traded at $3.13, with a volume of 115,366 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNTY shares. Craig Hallum began coverage on shares of Century Casinos in a research report on Tuesday, November 26th. They set a “buy” rating and a $8.00 target price on the stock. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note 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 increased their price target on Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Century Casinos Stock Down 1.9 %

The firm has a market cap of $94.20 million, a PE ratio of -1.26 and a beta of 2.59. The company has a 50-day simple moving average of $3.77 and a 200-day simple moving average of $2.95. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74.

Century Casinos (NASDAQ:CNTY) last posted 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). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The business had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the previous year, the firm earned ($0.47) EPS. Analysts expect that Century Casinos, Inc. will post -2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Casinos

Several large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock valued at $194,000 after acquiring an additional 3,752 shares in the last quarter. Geode Capital Management LLC raised its position in Century Casinos by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock valued at $726,000 after purchasing an additional 5,220 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Century Casinos in the 2nd quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Century Casinos during the second quarter valued at $103,000. Finally, Squarepoint Ops LLC lifted its holdings in Century Casinos by 64.0% during the second quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock worth $324,000 after buying an additional 45,695 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.