Cineplex (TSE:CGX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Cineplex Inc. (TSE:CGX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.69 and traded as high as C$12.07. Cineplex shares last traded at C$11.82, with a volume of 241,204 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. National Bank Financial lowered their target price on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Canaccord Genuity Group lifted their price target on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.46.

Cineplex Stock Performance

The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22. The company has a market capitalization of C$739.66 million, a PE ratio of -32.61, a P/E/G ratio of 0.30 and a beta of 0.34. The stock has a 50-day simple moving average of C$11.29 and a 200 day simple moving average of C$10.70.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. The firm had revenue of C$290.98 million during the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. Equities analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current fiscal year.

About Cineplex

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.