Cineplex (TSE:CGX) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.73 and traded as high as C$11.94. Cineplex shares last traded at C$11.60, with a volume of 361,729 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th. National Bankshares cut their price target on shares of Cineplex from C$15.00 to C$13.50 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada increased their target price on Cineplex from C$13.00 to C$14.00 in a research report on Monday, May 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cineplex has an average rating of "Buy" and a consensus target price of C$18.79.

Cineplex Price Performance

The stock has a market capitalization of C$726.88 million, a price-to-earnings ratio of -19.37, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. 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 50-day simple moving average of C$10.91 and a 200 day simple moving average of C$10.73.

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.