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

Key Points

• Cineplex shares crossed above their 200‑day moving average (200‑day MA C$10.92), trading as high as C$11.45 and last at C$11.21 on volume ~219,800, signaling a short‑term technical uptick.
• Analysts maintain a "Moderate Buy" consensus with an average target of C$13.21 (four Buys, one Hold), despite recent downward target revisions from RBC and TD.
• Fundamentals show mixed risks: trailing P/E is negative (-19.33) with a -2.84% net margin and weak liquidity (current ratio 0.52, quick ratio 0.22), indicating potential financial vulnerabilities despite analyst optimism.

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.92 and traded as high as C$11.45. Cineplex shares last traded at C$11.21, with a volume of 219,796 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of Cineplex from C$14.00 to C$13.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 3rd. TD Securities lowered their price target on shares of Cineplex from C$17.00 to C$16.00 and set a "buy" rating on the stock in a research report on Friday, January 16th. Finally, Canaccord Genuity Group increased their price target on shares of Cineplex from C$9.00 to C$10.50 and gave the company a "hold" rating in a research report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$13.21.

Cineplex Stock Down 2.5%

The firm's 50-day moving average price is C$10.48 and its 200 day moving average price is C$10.92. The firm has a market capitalization of C$711.45 million, a price-to-earnings ratio of -19.33, a price-to-earnings-growth ratio of 0.30 and a beta of 0.10. The company has a debt-to-equity ratio of -2,256.39, a current ratio of 0.52 and a quick ratio of 0.22.

Cineplex (TSE:CGX - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$334.77 million for the quarter. Cineplex had a negative net margin of 2.84% and a positive return on equity of 49.30%. Sell-side analysts expect that Cineplex Inc. will post 1.0754912 EPS for the current year.

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. 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.

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