Century Casinos (NASDAQ:CNTY) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Century Casinos, Inc. (NASDAQ:CNTY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.07 and traded as high as $3.10. Century Casinos shares last traded at $3.02, with a volume of 38,125 shares traded.

Analyst Ratings Changes

CNTY has been the topic of several research analyst reports. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum initiated coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $5.00 target price on shares of Century Casinos in a research report on Monday, January 27th. Finally, Stifel Nicolaus boosted 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Century Casinos Stock Down 1.6 %

The business has a fifty day moving average of $3.25 and a 200 day moving average of $3.07. 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 market cap of $92.65 million, a P/E ratio of -1.24 and a beta of 2.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its stake in Century Casinos by 2.7% in the fourth quarter. Royce & Associates LP now owns 2,975,121 shares of the company’s stock valued at $9,639,000 after purchasing an additional 79,086 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Century Casinos in the 4th quarter valued at $74,000. Rice Hall James & Associates LLC increased its position in shares of Century Casinos by 5.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 1,620,617 shares of the company’s stock valued at $5,251,000 after buying an additional 90,556 shares in the last quarter. Geode Capital Management LLC raised its stake in Century Casinos by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after buying an additional 5,220 shares during the period. Finally, RBF Capital LLC grew its stake in Century Casinos by 23.1% in the third quarter. RBF Capital LLC now owns 369,349 shares of the company’s stock valued at $946,000 after acquiring an additional 69,349 shares during the period. 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.