Cineplex (OTCMKTS:CPXGF) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Cineplex Inc. (OTCMKTS:CPXGF) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.57 and traded as high as $8.8254. Cineplex shares last traded at $8.8254, with a volume of 30,800 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on CPXGF. BMO Capital Markets restated a “market perform” rating on shares of Cineplex in a research report on Friday, October 17th. Scotiabank restated an “outperform” rating on shares of Cineplex in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Cineplex Stock Performance

The firm’s 50-day moving average price is $8.57 and its 200 day moving average price is $8.36.

Cineplex Company Profile

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.