ARHT Media (CVE:ART) Price Target Cut to C$0.13

ARHT Media (CVE:ART) had its target price decreased by analysts at Cormark from C$0.20 to C$0.13 in a research report issued on Wednesday, BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 160.00% from the company’s previous close.

ARHT Media Price Performance

Shares of ART stock remained flat at C$0.05 on Wednesday. 5,040 shares of the stock were exchanged, compared to its average volume of 79,999. The firm has a market capitalization of C$9.62 million, a PE ratio of -1.00 and a beta of 0.52. The company has a debt-to-equity ratio of 401.18, a current ratio of 1.00 and a quick ratio of 3.06. The firm has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.07. ARHT Media has a 52-week low of C$0.04 and a 52-week high of C$0.19.

About ARHT Media

ARHT Media Inc, together with its subsidiaries, engages in the live and prerecorded holograms with a network of capture and display locations worldwide. Its products include Capsule, a consumer-facing holographic display that is plug-and-play for events in all lighting conditions and can be permanently installed for retail and other consumer or user-facing applications; ARHT Engine, a proprietary technology utilizes a combination of advanced hardware and software, including 3D cameras, motion capture technology, and real-time rendering software to create its holographic displays; and Virtual Global Stage, which allows multiple presenters to interact with one another on the same stage with no latency, appearing much like they would if they were physically next to one another, as well as capture studio, ARHT Hologram Screen, and HoloPod Display.