Century Casinos (NASDAQ:CNTY) Shares Pass Above 200-Day Moving Average – What’s Next?

Century Casinos, Inc. (NASDAQ:CNTY)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.97 and traded as high as $3.24. Century Casinos shares last traded at $3.24, with a volume of 110,169 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CNTY shares. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research report on Tuesday, November 5th. Craig Hallum started coverage on Century Casinos in a research report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Century Casinos currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Trading Up 9.1 %

The stock has a 50 day moving average of $3.81 and a 200-day moving average of $2.97. The company has a market capitalization of $99.41 million, a P/E ratio of -1.33 and a beta of 2.59. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 6.58.

Century Casinos (NASDAQ:CNTY) last announced 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). The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $158.10 million. Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. During the same quarter last year, the firm posted ($0.47) earnings per share. On average, research analysts predict that Century Casinos, Inc. will post -2.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNTY. Rice Hall James & Associates LLC boosted its position in shares of Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company’s stock valued at $3,917,000 after acquiring an additional 325,890 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Century Casinos during the 2nd quarter valued at approximately $215,000. RBF Capital LLC boosted its position in shares of Century Casinos by 23.1% during the 3rd 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 last quarter. Royce & Associates LP boosted its position in shares of Century Casinos by 2.2% during the 3rd quarter. Royce & Associates LP now owns 2,896,035 shares of the company’s stock valued at $7,414,000 after acquiring an additional 61,522 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after acquiring an additional 45,695 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors.

Century Casinos Company Profile

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.