Lionsgate Entertainment (NYSE:LION) Sets New 12-Month Low – Here’s What Happened

Lionsgate Entertainment Corp. (NYSE:LION) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.00 and last traded at $7.02, with a volume of 203334 shares trading hands. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. TD Cowen assumed coverage on shares of Lionsgate Entertainment in a research report on Monday. They issued a “hold” rating and a $8.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $8.00 to $9.00 in a research report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Lionsgate Entertainment Stock Down 2.8%

The stock’s 50-day moving average is $8.56 and its 200-day moving average is $8.46. The firm has a market cap of $2.03 billion, a P/E ratio of -5.66, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07.

Lionsgate Entertainment (NYSE:LION) last announced its earnings results on Thursday, February 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts expect that Lionsgate Entertainment Corp. will post 0.08 EPS for the current fiscal year.

About Lionsgate Entertainment

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.