Century Casinos (NASDAQ:CNTY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Century Casinos, Inc. (NASDAQ:CNTY)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.48. Century Casinos shares last traded at $1.44, with a volume of 79,448 shares.

Wall Street Analyst Weigh In

CNTY has been the subject of several research reports. Stifel Nicolaus set a $3.00 price objective on Century Casinos in a research note on Friday, March 13th. Weiss Ratings upgraded Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Two equities research 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 presently has a consensus rating of “Hold” and an average price target of $3.00.

Century Casinos Trading Up 2.9%

The firm has a market capitalization of $40.56 million, a price-to-earnings ratio of -0.74 and a beta of 1.66. The company has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.46. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 83.68.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.06. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.88%.The firm had revenue of $137.24 million for the quarter, compared to analysts’ expectations of $138.40 million. As a group, research analysts forecast that Century Casinos, Inc. will post -1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC lifted its holdings in Century Casinos by 0.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,484,642 shares of the company’s stock valued at $1,975,000 after acquiring an additional 9,041 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Century Casinos in the third quarter valued at approximately $26,000. Squarepoint Ops LLC lifted its holdings in Century Casinos by 18.5% in the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after acquiring an additional 11,793 shares during the last quarter. Franklin Resources Inc. acquired a new position in Century Casinos in the third quarter valued at approximately $34,000. Finally, Mink Brook Asset Management LLC lifted 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 acquiring an additional 16,004 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors and hedge funds.

About Century Casinos

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.