Cineplex (TSE:CGX) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Cineplex Inc. (TSE:CGX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.92 and traded as high as C$11.33. Cineplex shares last traded at C$11.27, with a volume of 163,878 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CGX shares. Canaccord Genuity Group raised their price target on Cineplex from C$9.00 to C$10.50 and gave the company a “hold” rating in a research note on Thursday, April 16th. TD Securities decreased their price target on Cineplex from C$17.00 to C$16.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Royal Bank Of Canada decreased their price target on Cineplex from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$13.21.

Cineplex Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.22 and a debt-to-equity ratio of -2,256.39. The company has a 50 day moving average price of C$10.63 and a 200 day moving average price of C$10.92. The company has a market capitalization of C$715.26 million, a P/E ratio of -19.43, a P/E/G ratio of 0.30 and a beta of 0.10.

Cineplex (TSE:CGX) last issued its earnings results on Wednesday, February 11th. The company reported C$0.01 EPS for the quarter. Cineplex had a positive return on equity of 49.30% and a negative net margin of 2.84%.The company had revenue of C$334.77 million during the quarter. On average, equities analysts predict 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.