Century Casinos (NASDAQ:CNTY) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.39 and traded as high as $2.44. Century Casinos shares last traded at $2.27, with a volume of 67,991 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on CNTY. Macquarie dropped their target price on shares of Century Casinos from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Wall Street Zen upgraded Century Casinos from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Stifel Nicolaus decreased their price target on Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, JMP Securities dropped their price target on Century Casinos from $4.00 to $3.00 and set a "market outperform" rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.00.

Century Casinos Stock Performance

The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 16.39. The stock has a market capitalization of $68.72 million, a PE ratio of -0.51 and a beta of 2.14. The firm has a 50 day moving average price of $1.84 and a 200-day moving average price of $2.39.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.67) earnings per share 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 business had revenue of $130.44 million during the quarter, compared to analyst estimates of $139.55 million. During the same quarter last year, the company posted ($0.46) EPS. Research analysts expect that Century Casinos, Inc. will post -2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in Century Casinos in the fourth quarter valued at $51,000. Raymond James Financial Inc. purchased a new stake in shares of Century Casinos in the fourth quarter worth about $74,000. Dimensional Fund Advisors LP grew 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 during the period. Jane Street Group LLC raised its position in Century Casinos by 120.4% during 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 in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new position in Century Casinos during the fourth quarter valued at approximately $112,000. Hedge funds and other 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.