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

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$10.96 and traded as high as C$11.08. Cineplex shares last traded at C$10.81, with a volume of 358,510 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on Cineplex from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$18.93.

Cineplex Price Performance

The company has a debt-to-equity ratio of -4,623.78, a current ratio of 0.43 and a quick ratio of 0.22. The firm has a fifty day moving average of C$11.57 and a two-hundred day moving average of C$10.96. The stock has a market capitalization of C$682.67 million, a P/E ratio of -18.19, a P/E/G ratio of 0.30 and a beta of 2.74.

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.