Century Casinos Stock Price Down 4.2% on Disappointing Earnings (CNTY)
Century Casinos (NASDAQ:CNTY) shares traded down 4.2% on Thursday following a dissappointing earnings announcement, American Banking and Market News reports. The stock traded as low as $5.45 and last traded at $5.50, with a volume of 514,389 shares trading hands. The stock had previously closed at $5.74.
The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.07. During the same quarter last year, the company posted $0.07 earnings per share.
Separately, analysts at Zacks upgraded shares of Century Casinos from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $5.60 price target on the stock.
The stock has a 50-day moving average of $5.58 and a 200-day moving average of $6.22. The company has a market cap of $136.8 million and a price-to-earnings ratio of 27.46.
Century Casinos, Inc (NASDAQ:CNTY) is an international casino entertainment company, which develops and operates gaming establishments and related lodging and restaurant facilities globally.
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