Cineplex (TSE:CGX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.82 and traded as high as C$11.81. Cineplex shares last traded at C$11.80, with a volume of 178,491 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CGX. National Bank Financial lowered their price target on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Canaccord Genuity Group upped their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cineplex currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.46.

Cineplex Stock Up 0.9%

The firm has a fifty day simple moving average of C$11.45 and a 200 day simple moving average of C$10.82. The company has a debt-to-equity ratio of -1,703.50, a quick ratio of 0.22 and a current ratio of 0.37. The company has a market cap of C$743.44 million, a PE ratio of -32.78, a PEG ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last announced its quarterly earnings data on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The company had revenue of C$290.98 million for the quarter. Equities research analysts predict that Cineplex Inc. will post 1.0754912 EPS 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.