Century Casinos (NASDAQ:CNTY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Century Casinos, Inc. (NASDAQ:CNTY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.66 and traded as high as $2.94. Century Casinos shares last traded at $2.94, with a volume of 36,263 shares changing hands.

Analysts Set New Price Targets

Separately, Macquarie dropped their target price on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Friday, August 9th.

Century Casinos Trading Up 5.0 %

The firm has a market capitalization of $90.21 million, a PE ratio of -2.19 and a beta of 2.60. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.66. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($1.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.96). Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The company had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $154.60 million. During the same period last year, the firm earned ($0.06) earnings per share. On average, sell-side analysts expect that Century Casinos, Inc. will post -2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. acquired a new position in shares of Century Casinos during the second quarter worth about $32,000. Quadrature Capital Ltd acquired a new position in shares of Century Casinos during the first quarter worth about $51,000. Virtu Financial LLC acquired a new position in shares of Century Casinos during the first quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Century Casinos during the second quarter worth about $103,000. Finally, Empowered Funds LLC increased its stake in shares of Century Casinos by 8.1% during the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after acquiring an additional 5,042 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.