Lionsgate Entertainment (NYSE:LION) Trading Down 3.7% – Here’s Why

Lionsgate Entertainment Corp. (NYSE:LIONGet Free Report) traded down 3.7% during trading on Friday . The stock traded as low as $7.32 and last traded at $7.50. 138,701 shares were traded during trading, a decline of 70% from the average session volume of 462,586 shares. The stock had previously closed at $7.79.

Analyst Upgrades and Downgrades

LION has been the topic of a number of analyst reports. StockNews.com upgraded Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.00 in a research report on Monday, March 31st.

Get Our Latest Research Report on LION

Lionsgate Entertainment Trading Down 6.8 %

The company has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.46. The company has a market capitalization of $1.75 billion, a P/E ratio of -5.85, a P/E/G ratio of 13.47 and a beta of 1.07.

Lionsgate Entertainment (NYSE:LIONGet Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.22. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. As a group, sell-side analysts forecast that Lionsgate Entertainment Corp. will post 0.08 EPS for the current fiscal year.

About Lionsgate Entertainment

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Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.

Further Reading

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