Cineplex (TSE:CGX) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Cineplex Inc. (TSE:CGX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.95 and traded as high as C$11.47. Cineplex shares last traded at C$11.15, with a volume of 782,862 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on CGX shares. TD Securities decreased their price objective on shares of Cineplex from C$17.00 to C$16.00 and set a “buy” rating for the company in a report on Friday, January 16th. Canaccord Genuity Group decreased their price objective on shares of Cineplex from C$13.00 to C$11.50 in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of Cineplex from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.38.

Cineplex Stock Performance

The company has a current ratio of 0.52, a quick ratio of 0.22 and a debt-to-equity ratio of -2,256.39. The company’s 50 day moving average is C$10.15 and its 200-day moving average is C$10.95. The company has a market capitalization of C$707.65 million, a P/E ratio of -19.22, a price-to-earnings-growth ratio of 0.30 and a beta of 0.10.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$334.77 million during the quarter. Cineplex had a negative net margin of 2.84% and a positive return on equity of 49.30%. Equities analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current fiscal 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.