DHX Media Ltd. (NASDAQ:DHXM) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.00.
Several brokerages recently weighed in on DHXM. Echelon Wealth Partners set a $3.00 target price on DHX Media and gave the stock a “buy” rating in a research note on Tuesday. B. Riley reiterated a “buy” rating on shares of DHX Media in a research note on Tuesday, May 14th.
Institutional investors have recently made changes to their positions in the stock. Insight 2811 Inc. acquired a new stake in DHX Media in the 2nd quarter worth approximately $27,000. Citadel Advisors LLC acquired a new stake in shares of DHX Media in the second quarter valued at about $31,000. Pinnacle Associates Ltd. purchased a new stake in shares of DHX Media during the second quarter worth about $73,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of DHX Media during the second quarter worth about $85,000. Finally, Bank of Montreal Can increased its stake in shares of DHX Media by 2,055.6% during the second quarter. Bank of Montreal Can now owns 240,740 shares of the company’s stock worth $351,000 after purchasing an additional 229,572 shares in the last quarter. 39.74% of the stock is owned by hedge funds and other institutional investors.
Shares of DHXM stock traded up $0.01 during trading hours on Wednesday, reaching $1.31. 125,047 shares of the company’s stock were exchanged, compared to its average volume of 110,928. DHX Media has a fifty-two week low of $0.80 and a fifty-two week high of $2.78. The stock’s 50 day moving average is $1.33 and its 200-day moving average is $1.47. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.96. The company has a market cap of $176.69 million, a price-to-earnings ratio of 43.67 and a beta of 0.96.
DHX Media Company Profile
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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