National CineMedia (NASDAQ:NCMI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

National CineMedia, Inc. (NASDAQ:NCMI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.78 and traded as high as $7.00. National CineMedia shares last traded at $6.69, with a volume of 671,783 shares changing hands.

Wall Street Analyst Weigh In

NCMI has been the subject of a number of recent analyst reports. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday. Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.06.

National CineMedia Price Performance

The business has a fifty day simple moving average of $6.70 and a two-hundred day simple moving average of $6.79. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $634.98 million, a PE ratio of -26.76 and a beta of 2.06.

Insiders Place Their Bets

In related news, EVP Maria Vg Woods sold 23,742 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the transaction, the executive vice president now owns 66,987 shares in the company, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in National CineMedia during the 4th quarter valued at about $53,000. BNP Paribas Financial Markets purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $57,000. DRW Securities LLC purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $73,000. Quarry LP purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $91,000. Finally, Ieq Capital LLC purchased a new stake in National CineMedia in the 4th quarter worth approximately $93,000. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.