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

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen upgraded Century Casinos from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Citigroup restated a "market outperform" rating on shares of Century Casinos in a report on Friday, July 18th. Finally, JMP Securities set a $3.00 target price on Century Casinos in a research note on Friday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5.00.

Century Casinos Trading Down 3.2%

The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 16.39. The company has a market cap of $65.35 million, a price-to-earnings ratio of -0.48 and a beta of 2.20. The firm has a 50-day moving average price of $2.29 and a 200 day moving average price of $2.20.

Century Casinos (NASDAQ:CNTY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.11). Century Casinos had a negative return on equity of 81.24% and a negative net margin of 23.71%. The firm had revenue of $130.44 million for the quarter, compared to the consensus estimate of $139.55 million. During the same quarter last year, the business earned ($0.46) earnings per share. As a group, sell-side analysts forecast that Century Casinos, Inc. will post -2.66 EPS for the current year.

Institutional Investors Weigh In On Century Casinos

Several institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company's stock worth $199,000 after purchasing an additional 30,998 shares during the period. AWM Investment Company Inc. increased its position in Century Casinos by 22.3% in the first quarter. AWM Investment Company Inc. now owns 2,062,804 shares of the company's stock worth $3,486,000 after buying an additional 375,761 shares during the period. Mink Brook Asset Management LLC bought a new stake in Century Casinos in the first quarter valued at $203,000. Wealthedge Investment Advisors LLC boosted its holdings in shares of Century Casinos by 330.9% during the first quarter. Wealthedge Investment Advisors LLC now owns 149,014 shares of the company's stock valued at $252,000 after acquiring an additional 114,431 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Century Casinos by 21.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 760,800 shares of the company's stock worth $1,286,000 after acquiring an additional 132,700 shares during the last quarter. Institutional investors and hedge funds 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.

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