Bona Film Group Sees Strong Trading Volume After Better-Than-Expected Earnings (BONA)
Shares of Bona Film Group (NASDAQ:BONA) saw unusually-high trading volume on Friday after the company announced better than expected quarterly earnings, Stock Ratings Network reports. Approximately 334,198 shares were traded during mid-day trading, an increase of 136% from the previous session’s volume of 141,735 shares.The stock last traded at $7.01 and had previously closed at $7.21.
The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $44.90 million for the quarter. During the same quarter last year, the company posted $0.03 earnings per share.
The stock has a 50-day moving average of $7.00 and a 200-day moving average of $6.51. The company has a market cap of $425.2 million and a P/E ratio of 68.67.
Bona Film Group Limited is a film distributor in China. It distributes films through virtually all of the theatres circuits in China.
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