Century Casinos (NASDAQ:CNTY) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Century Casinos' stock has crossed above its 200-day moving average, trading at $2.25, indicating potential upward momentum.
• Analysts have mixed sentiments on Century Casinos, with a recent upgrade from "sell" to "hold" and an average target price of $5.00 based on a rating of "Moderate Buy."
• The company reported a net loss of ($0.67) per share for the last quarter, missing estimates, with revenues of $130.44 million, which was below the expected $139.55 million.

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.20 and traded as high as $2.25. Century Casinos shares last traded at $2.13, with a volume of 44,532 shares trading hands.

Wall Street Analysts Forecast Growth

CNTY has been the topic of several recent research reports. Wall Street Zen upgraded Century Casinos from a "sell" rating to a "hold" rating in a report on Friday, April 11th. JMP Securities set a $3.00 target price on shares of Century Casinos in a research report on Friday, July 18th. Finally, Citigroup reiterated a "market outperform" rating on shares of Century Casinos in a research report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Century Casinos currently has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Century Casinos Price Performance

The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.38 and a current ratio of 1.42. The company has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.20. The firm has a market capitalization of $69.64 million, a P/E ratio of -0.52 and a beta of 2.20.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.03). The company had revenue of $150.82 million for the quarter, compared to the consensus estimate of $148.70 million. Century Casinos had a negative return on equity of 81.24% and a negative net margin of 23.71%. On average, sell-side analysts predict that Century Casinos, Inc. will post -2.66 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Century Casinos by 21.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock worth $1,286,000 after purchasing an additional 132,700 shares during the period. XTX Topco Ltd acquired a new stake in Century Casinos during the 4th quarter worth $51,000. Raymond James Financial Inc. acquired a new stake in Century Casinos during the 4th quarter worth $74,000. Dimensional Fund Advisors LP lifted its holdings in Century Casinos by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company's stock worth $501,000 after acquiring an additional 17,815 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Century Casinos by 120.4% in the fourth quarter. Jane Street Group LLC now owns 61,578 shares of the company's stock valued at $200,000 after acquiring an additional 33,635 shares during the period. Institutional investors own 66.36% of the company's stock.

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.