Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Century Casinos Inc (NASDAQ: CNTY) weakened during the last several trading days. CNTY’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Century Casinos Inc (NASDAQ: CNTY) stock enjoyed a major increase of 11.4% on 11/8/24. The shares closed at $4.59. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has risen 36.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CNTY is expected to be Value Creation neutral.
Century Casinos has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Century Casinos has a neutral Power Rating of 45 and a slightly negative Appreciation Score of 37, resulting in the Negative Value Trend Rating.
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