Eye Catching Stock News: Century Casinos (NASDAQ:CNTY)

Eye Catching Stock News: Century Casinos (NASDAQ:CNTY)

Century Casinos (NASDAQ:CNTY) stock identified change of -34.86% away from 52-week low price and recently located move of -89.05% off 52-week high price. It has market worth of $40.96MM. CNTY stock has been recorded -84.40% away from 50 day moving average and -85.97% away from 200 day moving average. Moving closer, we can see that shares have been trading -80.84% off 20-day moving average.

On March 18, 2020, Century Casinos (NASDAQ:CNTY) reported that it temporarily closed its Canadian, West Virginia and Missouri casinos on Tuesday, March 17, 2020 to comply with quarantines issued by governments in each jurisdiction to contain the spread of COVID-19. These closures follow the closures of the Company’s Polish and Colorado casinos per government directives in those jurisdictions.

The Company also closed Century Casino Bath on March 17, 2020 to contain the spread of COVID-19. The casino will remain closed indefinitely while the Company continues to evaluate its options for this property, which could include permanent closure or a sale or other disposition.

The COVID-19 situation continues to evolve rapidly, and it currently appears that, due to the pandemic’s scope and likely duration in the Company’s markets, it will adversely impact the Company at least through the first half of 2020. The Services sector company, Century Casinos noticed change of -37.70% to $1.14 along volume of 456177 shares in recent session compared to an average volume of 112.74K. The stock observed return of -73.36% in 5 days trading activity. The stock was at -85.62% over one month performance. CNTY’s shares are at -86.01% for the quarter and driving a -86.99% return over the course of the past year and is now at -85.61% since this point in 2018.

The average volatility for the week at 41.86% and for month was at 14.63%. There are 35.93M shares outstanding and 27.05M shares are floated in market. Right now the stock beta is 1.32.

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