Lionsgate Entertainment (NYSE:LION) Sets New 12-Month Low – Here’s What Happened

Lionsgate Entertainment Corp. (NYSE:LION)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $7.00 and last traded at $7.02, with a volume of 203334 shares changing hands. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com raised shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. TD Cowen assumed coverage on shares of Lionsgate Entertainment in a research note on Monday. They set a “hold” rating and a $8.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and raised their target price for the company from $8.00 to $9.00 in a research note on Monday, March 31st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.50.

Lionsgate Entertainment Trading Down 2.8%

The company’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $8.46. The company has a market cap of $2.03 billion, a P/E ratio of -5.66, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07.

Lionsgate Entertainment (NYSE:LION) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts forecast that Lionsgate Entertainment Corp. will post 0.08 earnings per share for the current year.

About Lionsgate Entertainment

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.