Premier Exhibitions Downgraded by TheStreet to “Sell” (PRXI)
Premier Exhibitions (NASDAQ:PRXI) was downgraded by investment analysts at TheStreet from a “hold” rating to a “sell” rating in a note issued to investors on Friday, American Banking News reports.
The analysts wrote, “Premier Exhibitions (PRXI) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.”
Shares of Premier Exhibitions (NASDAQ:PRXI) traded down 1.46% on Friday, hitting $1.35. The stock had a trading volume of 223,756 shares. Premier Exhibitions has a 52-week low of $1.34 and a 52-week high of $2.99. The stock’s 50-day moving average is $1.60 and its 200-day moving average is $1.97. The company has a market cap of $66.6 million and a P/E ratio of 38.06.
Premier Exhibitions, Inc, together with its subsidiaries is in the business of presenting to the public museum-quality touring exhibitions around the world.
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