National CineMedia (NASDAQ:NCMI) Shares Pass Above Two Hundred Day Moving Average of $4.45

National CineMedia, Inc. (NASDAQ:NCMIGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.45 and traded as high as $5.26. National CineMedia shares last traded at $5.09, with a volume of 336,507 shares traded.

Analyst Ratings Changes

A number of research firms recently issued reports on NCMI. Benchmark reiterated a “speculative buy” rating and set a $6.00 price objective on shares of National CineMedia in a report on Tuesday, May 7th. StockNews.com downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Wedbush reiterated a “neutral” rating and set a $5.50 price objective on shares of National CineMedia in a report on Tuesday, May 7th. Finally, B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th.

Read Our Latest Stock Report on National CineMedia

National CineMedia Price Performance

The company has a 50 day moving average of $4.93 and a 200-day moving average of $4.45. The firm has a market capitalization of $491.54 million, a P/E ratio of 0.15 and a beta of 2.03. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02.

National CineMedia (NASDAQ:NCMIGet Free Report) last released its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The firm had revenue of $34.80 million during the quarter, compared to the consensus estimate of $34.73 million. National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. On average, sell-side analysts predict that National CineMedia, Inc. will post 0.04 EPS for the current year.

Institutional Trading of National CineMedia

A number of institutional investors have recently modified their holdings of NCMI. Wellington Management Group LLP bought a new stake in shares of National CineMedia during the 3rd quarter worth $5,161,000. Glendon Capital Management LP bought a new stake in shares of National CineMedia during the 3rd quarter worth $7,538,000. Citigroup Inc. bought a new stake in shares of National CineMedia during the 3rd quarter worth $2,752,000. First Eagle Investment Management LLC bought a new stake in shares of National CineMedia during the 4th quarter worth $5,914,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of National CineMedia during the 3rd quarter worth $898,000. 69.49% of the stock is currently owned by institutional investors.

About National CineMedia

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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 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.

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