Cineplex (TSE:CGX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Cineplex Inc. (TSE:CGX) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Cineplex Stock Performance

The company has a current ratio of 0.37, a quick ratio of 0.22 and a debt-to-equity ratio of -1,703.50. The stock’s 50 day moving average price is C$10.84 and its two-hundred day moving average price is C$10.76. The firm has a market capitalization of C$699.40 million, a PE ratio of -30.61, a PEG ratio of 0.30 and a beta of 0.11.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. The business had revenue of C$290.98 million for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%. On average, equities analysts expect that Cineplex Inc. will post 1.0754912 earnings per share for the current year.

About Cineplex

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.