Cineplex (TSE:CGX) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Cineplex Inc. shares have surpassed their 200-day moving average, trading at C$10.99 with a recent high of C$11.21.
• Analysts have updated their price targets, with Canaccord Genuity lowering it to C$11.00, while Royal Bank of Canada raised it to C$14.00.
• The company has a market capitalization of C$694.04 million and significant financial ratios, including a PE ratio of -18.49 and a debt-to-equity ratio of -4,623.78.

Cineplex Inc. (TSE:CGX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.60 and traded as high as C$11.21. Cineplex shares last traded at C$10.99, with a volume of 214,563 shares traded.

Analyst Ratings Changes

CGX has been the subject of several research reports. Canaccord Genuity Group reduced their target price on Cineplex from C$14.00 to C$11.00 in a research note on Thursday, April 10th. Royal Bank Of Canada raised their price target on shares of Cineplex from C$13.00 to C$14.00 in a research report on Monday, May 12th. Finally, National Bankshares dropped 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 research report on Wednesday, April 9th.

Cineplex Price Performance

The business's 50-day moving average price is C$11.39 and its 200 day moving average price is C$10.59. The stock has a market capitalization of C$694.04 million, a PE ratio of -18.49, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43.

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.