Cineplex (OTCMKTS:CPXGF) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Cineplex Inc. (OTCMKTS:CPXGFGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.47 and traded as low as $7.89. Cineplex shares last traded at $7.8920, with a volume of 1,009 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued a “market perform” rating on shares of Cineplex in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Report on CPXGF

Cineplex Price Performance

The company has a 50-day moving average of $8.47 and a 200-day moving average of $8.36.

Cineplex Company Profile

(Get Free Report)

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.

Further Reading

Receive News & Ratings for Cineplex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex and related companies with MarketBeat.com's FREE daily email newsletter.