National CineMedia (NASDAQ:NCMI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.27 and traded as high as $6.61. National CineMedia shares last traded at $6.48, with a volume of 389,140 shares changing hands.

Analyst Ratings Changes

NCMI has been the subject of several research reports. Barrington Research increased their price objective on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

The stock’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $6.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $639.73 million, a price-to-earnings ratio of -26.96 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same period in the prior year, the business earned $0.33 earnings per share. Analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. Intech Investment Management LLC acquired a new stake in National CineMedia in the 3rd quarter valued at about $97,000. The Manufacturers Life Insurance Company bought a new position in National CineMedia in the 2nd quarter worth approximately $124,000. Hill Investment Group Partners LLC lifted its holdings in National CineMedia by 100.9% during the 2nd quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock worth $151,000 after buying an additional 17,276 shares in the last quarter. Squarepoint Ops LLC boosted its position in National CineMedia by 7.9% in the 2nd quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 3,132 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of National CineMedia by 102.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock valued at $213,000 after buying an additional 24,521 shares during the period. Institutional investors and hedge funds 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.