Cineplex (TSE:CGX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Cineplex Inc. (TSE:CGX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.77 and traded as high as C$11.07. Cineplex shares last traded at C$11.05, with a volume of 83,378 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on CGX shares. Royal Bank Of Canada dropped their price objective on Cineplex from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. National Bank Financial dropped their price objective on Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group raised their price objective on Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.46.

Cineplex Stock Performance

The firm has a market cap of C$701.30 million, a PE ratio of -30.69, a P/E/G ratio of 0.30 and a beta of 0.11. The firm has a 50-day moving average price of C$10.82 and a two-hundred day moving average price of C$10.77. The company has a quick ratio of 0.22, a current ratio of 0.37 and a debt-to-equity ratio of -1,703.50.

Cineplex (TSE:CGX) last released its earnings results on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. The firm had revenue of C$290.98 million during the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. Research analysts forecast that Cineplex Inc. will post 1.0754912 EPS for the current fiscal year.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.