Lionsgate Entertainment (NYSE:LION) Stock Price Down 3.7% – Here’s What Happened

Lionsgate Entertainment Corp. (NYSE:LION)’s share price traded down 3.7% during mid-day trading on Friday . The company traded as low as $7.32 and last traded at $7.50. 138,701 shares were traded during mid-day trading, a decline of 70% from the average session volume of 462,586 shares. The stock had previously closed at $7.79.

Analyst Ratings Changes

A number of research firms recently commented on LION. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.00 in a research report on Monday, March 31st. StockNews.com upgraded shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd.

Lionsgate Entertainment Stock Performance

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -5.85, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. The firm has a fifty day moving average price of $8.56 and a 200-day moving average price of $8.46.

Lionsgate Entertainment (NYSE:LION) last released its earnings results on Thursday, February 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.22. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. On average, sell-side analysts forecast that Lionsgate Entertainment Corp. will post 0.08 EPS for the current fiscal year.

Lionsgate Entertainment Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.