Cineplex (TSE:CGX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Cineplex Inc. (TSE:CGX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.74 and traded as high as C$11.46. Cineplex shares last traded at C$11.41, with a volume of 152,234 shares traded.

Wall Street Analysts Forecast Growth

CGX has been the topic of a number of research reports. Canaccord Genuity Group raised their price target on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. National Bank Financial dropped their price target on Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.46.

Cineplex Stock Down 1.8%

The business has a 50-day simple moving average of C$10.97 and a two-hundred day simple moving average of C$10.72. The company has a debt-to-equity ratio of -1,703.50, a quick ratio of 0.22 and a current ratio of 0.37. The company has a market capitalization of C$710.82 million, a price-to-earnings ratio of -31.11, a PEG ratio of 0.30 and a beta of 0.11.

Cineplex (TSE:CGX) last posted its quarterly earnings data on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The company had revenue of C$290.98 million for the quarter. As a group, equities analysts predict that Cineplex Inc. will post 1.0754912 EPS for the current 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.