National CineMedia (NASDAQ:NCMI) Stock Crosses Above Two Hundred Day Moving Average of $4.56

National CineMedia, Inc. (NASDAQ:NCMI)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.56 and traded as high as $5.20. National CineMedia shares last traded at $5.06, with a volume of 532,757 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NCMI shares. Benchmark reiterated a “speculative buy” rating and issued a $6.00 target price on shares of National CineMedia in a research report on Monday, June 17th. Wedbush reiterated a “neutral” rating and issued a $5.50 price objective on shares of National CineMedia in a report on Tuesday, May 7th. Finally, StockNews.com cut National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

National CineMedia Price Performance

The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. The company has a market cap of $506.99 million, a price-to-earnings ratio of 0.15 and a beta of 2.03. The stock’s 50-day simple moving average is $4.83 and its 200 day simple moving average is $4.57.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.11). The company had revenue of $34.80 million during the quarter, compared to analysts’ expectations of $34.73 million. National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. On average, equities research analysts anticipate that National CineMedia, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC grew its stake in National CineMedia by 13.8% during the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after buying an additional 3,172 shares during the last quarter. Zazove Associates LLC lifted its holdings in shares of National CineMedia by 3.1% in the fourth quarter. Zazove Associates LLC now owns 130,126 shares of the business services provider’s stock valued at $539,000 after buying an additional 3,921 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 6,690 shares during the last quarter. Hill Investment Group Partners LLC boosted its position in shares of National CineMedia by 67.4% during the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 6,889 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of National CineMedia in the 2nd quarter worth approximately $56,000. Hedge funds and other 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.