Cineplex (TSE:CGX) Shares Pass Above 200 Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.69 and traded as high as C$11.66. Cineplex shares last traded at C$11.61, with a volume of 109,037 shares traded.

Wall Street Analyst Weigh In

CGX has been the topic of several research reports. National Bank Financial decreased their price target on shares of 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. Canaccord Genuity Group upped their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cineplex currently has an average rating of “Moderate Buy” and a consensus price target of C$13.46.

Cineplex Stock Performance

The stock has a market cap of C$731.46 million, a PE ratio of -32.25, a P/E/G ratio of 0.30 and a beta of 0.34. The company has a fifty day moving average price of C$11.34 and a 200 day moving average price of C$10.69. The company has a quick ratio of 0.22, a current ratio of 0.37 and a debt-to-equity ratio of -1,703.50.

Cineplex (TSE:CGX) last released its earnings results on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. The company had revenue of C$290.98 million during the quarter. Analysts expect that Cineplex Inc. will post 1.0754912 earnings per share 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.