Century Casinos (NASDAQ:CNTY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Century Casinos, Inc. (NASDAQ:CNTY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.01 and traded as high as $3.05. Century Casinos shares last traded at $3.01, with a volume of 29,686 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Craig Hallum assumed coverage on shares of Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and set a $5.00 price target on shares of Century Casinos in a research report on Thursday, January 16th. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus lifted their price target on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Trading Up 0.3 %

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 business’s fifty day moving average is $3.61 and its 200 day moving average is $3.01. The firm has a market capitalization of $92.35 million, a price-to-earnings ratio of -1.24 and a beta of 2.64.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. During the same quarter in the previous year, the business earned ($0.47) earnings per share. Equities analysts predict that Century Casinos, Inc. will post -2.39 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

A number of hedge funds and other institutional investors have recently made changes to their positions in CNTY. Sei Investments Co. acquired a new stake in Century Casinos in the 2nd quarter valued at $32,000. Cubist Systematic Strategies LLC acquired a new stake in Century Casinos in the 2nd quarter valued at $215,000. Squarepoint Ops LLC increased its stake in Century Casinos by 64.0% in the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company’s stock valued at $324,000 after buying an additional 45,695 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Century Casinos in the 2nd quarter valued at $103,000. Finally, Rice Hall James & Associates LLC increased its stake in Century Casinos by 27.1% in 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 buying an additional 325,890 shares during the last quarter. 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.