National CineMedia (NASDAQ:NCMI) Shares Cross Above Two Hundred Day Moving Average of $3.06

National CineMedia, Inc. (NASDAQ:NCMI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.06 and traded as high as $4.98. National CineMedia shares last traded at $4.83, with a volume of 417,853 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NCMI. Wedbush downgraded National CineMedia from an “outperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Benchmark lifted their price target on National CineMedia from $4.00 to $5.00 and gave the company a “speculative buy” rating in a report on Friday, August 25th. Finally, StockNews.com began coverage on National CineMedia in a report on Sunday, August 20th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

National CineMedia Trading Up 1.7 %

The company has a 50 day simple moving average of $3.81 and a 200 day simple moving average of $3.06.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.70) EPS for the quarter, topping the consensus estimate of ($9.50) by $8.80. The firm had revenue of $14.80 million for the quarter, compared to analysts’ expectations of $67.55 million. As a group, equities analysts anticipate that National CineMedia, Inc. will post -4.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in National CineMedia during the fourth quarter worth $29,000. Cubist Systematic Strategies LLC acquired a new position in National CineMedia during the third quarter worth $29,000. Hill Investment Group Partners LLC lifted its stake in National CineMedia by 110.0% during the second quarter. Hill Investment Group Partners LLC now owns 102,271 shares of the business services provider’s stock worth $34,000 after purchasing an additional 53,571 shares in the last quarter. Kovack Advisors Inc. lifted its stake in National CineMedia by 22.7% during the first quarter. Kovack Advisors Inc. now owns 254,022 shares of the business services provider’s stock worth $34,000 after purchasing an additional 46,926 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in National CineMedia during the second quarter worth $41,000.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.