Cineplex (TSE:CGX) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Cineplex Inc. (TSE:CGX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.96 and traded as high as C$11.08. Cineplex shares last traded at C$10.81, with a volume of 358,510 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on Cineplex from C$12.50 to C$14.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.93.

Cineplex Price Performance

The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The stock has a market capitalization of C$682.67 million, a PE ratio of -18.19, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The firm has a 50 day moving average price of C$11.57 and a 200 day moving average price of C$10.96.

Cineplex Company Profile

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.