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

Cineplex Inc. (TSE:CGX – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.42 and traded as high as C$12.49. Cineplex shares last traded at C$12.44, with a volume of 327,930 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on CGX shares. Royal Bank Of Canada increased their price objective on shares of Cineplex from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday. National Bank Financial upped their price target on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotiabank increased their price target on Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. Finally, TD Securities raised Cineplex to a “strong-buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cineplex has a consensus rating of “Buy” and an average target price of C$14.00.

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Cineplex Trading Down 0.6%

The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of -1,865.57. The firm has a market capitalization of C$793.21 million, a price-to-earnings ratio of -62.95, a P/E/G ratio of 0.30 and a beta of 0.20. The firm’s 50-day moving average is C$12.23 and its 200 day moving average is C$11.44.

Cineplex (TSE:CGX – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.12 earnings per share (EPS) for the quarter. The firm had revenue of C$383.72 million during the quarter. Cineplex had a negative net margin of 0.96% and a positive return on equity of 14.84%. On average, equities analysts predict that Cineplex Inc. will post 1.0754912 earnings per share for the current fiscal year.

Cineplex Company Profile

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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.

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