Century Casinos Inc. (CNTY) Sees Large Volume Increase
Century Casinos Inc. (NASDAQ:CNTY) shares saw unusually-strong trading volume on Tuesday . Approximately 54,175 shares traded hands during trading, an increase of 4% from the previous session’s volume of 52,126 shares.The stock last traded at $6.35 and had previously closed at $6.28.
Separately, Zacks Investment Research downgraded Century Casinos from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
The firm has a 50 day moving average price of $6.33 and a 200-day moving average price of $6.22. The stock has a market cap of $158.58 million and a price-to-earnings ratio of 20.94.
Century Casinos (NASDAQ:CNTY) last announced its earnings results on Friday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.04. The company had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $36.44 million. On average, analysts anticipate that Century Casinos Inc. will post $0.34 EPS for the current year.
A hedge fund recently raised its stake in Century Casinos stock. Dimensional Fund Advisors LP raised its stake in Century Casinos Inc. (NASDAQ:CNTY) by 90.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 183,853 shares of the company’s stock after buying an additional 87,383 shares during the period. Dimensional Fund Advisors LP owned about 0.75% of Century Casinos worth $1,430,000 as of its most recent filing with the SEC.
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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