Century Casinos (NASDAQ:CNTY) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Century Casinos, Inc. shares surpassed their 200-day moving average, trading at $2.23, with a recent analyst price target set at $3.00 by JMP Securities.
• The stock currently holds a consensus rating of “Moderate Buy” from analysts, with five giving it a Buy rating and one a Sell rating.
• Despite achieving revenue of $150.82 million in its latest quarterly earnings, the company reported a negative EPS of ($0.40), missing expectations and indicating significant financial challenges.

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.17 and traded as high as $2.27. Century Casinos shares last traded at $2.23, with a volume of 34,715 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CNTY shares. JMP Securities set a $3.00 price target on shares of Century Casinos in a research note on Friday, July 18th. Citigroup reaffirmed a "market outperform" rating on shares of Century Casinos in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Century Casinos in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.00.

Century Casinos Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 20.62. The company's fifty day moving average is $2.56 and its two-hundred day moving average is $2.17. The stock has a market cap of $66.94 million, a price-to-earnings ratio of -0.65 and a beta of 2.00.

Century Casinos (NASDAQ:CNTY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The business had revenue of $150.82 million during the quarter, compared to analyst estimates of $148.70 million. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%. As a group, research analysts predict that Century Casinos, Inc. will post -2.66 earnings per share for the current year.

Institutional Investors Weigh In On Century Casinos

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in Century Casinos by 12.4% during the third quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company's stock worth $229,000 after purchasing an additional 9,654 shares in the last quarter. Mink Brook Asset Management LLC increased its holdings in Century Casinos by 13.3% in the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company's stock valued at $288,000 after buying an additional 16,004 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Century Casinos by 6.4% during the 2nd quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company's stock valued at $4,644,000 after acquiring an additional 132,745 shares during the period. XTX Topco Ltd purchased a new stake in shares of Century Casinos during the 2nd quarter worth approximately $51,000. Finally, Goldman Sachs Group Inc. boosted its stake 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 acquiring an additional 30,998 shares in the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.

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