Century Casinos (NASDAQ:CNTY) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Century Casinos, Inc. (NASDAQ:CNTY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.99 and traded as high as $3.06. Century Casinos shares last traded at $2.95, with a volume of 119,273 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on CNTY. Stifel Nicolaus upped their price target on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum assumed coverage on Century Casinos in a research report on Tuesday, November 26th. They issued a “buy” rating and a $8.00 price target for the company. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Century Casinos Stock Performance

The business’s fifty day moving average price is $3.80 and its 200-day moving average price is $2.99. The stock has a market cap of $88.98 million, a PE ratio of -1.19 and a beta of 2.64. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). The company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%. During the same period last year, the firm posted ($0.47) EPS. As a group, equities research analysts forecast that Century Casinos, Inc. will post -2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Century Casinos

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. purchased a new stake in Century Casinos during the second quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Century Casinos in the 2nd quarter worth $103,000. Empowered Funds LLC raised its holdings in Century Casinos by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after purchasing an additional 3,752 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Century Casinos during the second quarter valued at $215,000. Finally, Squarepoint Ops LLC increased its position in Century Casinos by 64.0% in 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 in the last quarter. 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.