Entertainment One (LON:ETO) Share Price Passes Above Fifty Day Moving Average of $557.62

Entertainment One Ltd (LON:ETO) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $557.62 and traded as high as $561.00. Entertainment One shares last traded at $556.50, with a volume of 888,208 shares changing hands.

ETO has been the topic of several research reports. Royal Bank of Canada lowered shares of Entertainment One to a “sector performer” rating and increased their price target for the company from GBX 470 ($6.14) to GBX 560 ($7.32) in a research report on Friday, August 23rd. Berenberg Bank downgraded Entertainment One to a “hold” rating and lifted their price objective for the stock from GBX 475 ($6.21) to GBX 572 ($7.47) in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Entertainment One has a consensus rating of “Buy” and a consensus target price of GBX 567.33 ($7.41).

The firm has a market capitalization of $2.78 billion and a PE ratio of -123.67. The company has a quick ratio of 1.05, a current ratio of 1.54 and a debt-to-equity ratio of 93.70. The business’s fifty day moving average price is GBX 557.11 and its 200 day moving average price is GBX 489.59.

In related news, insider Joe Sparacio sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of GBX 556 ($7.27), for a total transaction of £139,000 ($181,628.12).

About Entertainment One (LON:ETO)

Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family, television (TV), music, and film content rights across various media worldwide. The company operates in three segments: Family & Brands, Television, and Film. It distributes and sells films on screens in theatres and digitally, on DVDs and Blu-rays, and on TV; develops, produces, and distributes TV content across genres, platforms, and territories; and records, distributes, and licenses albums and songs.

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