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

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.70 and traded as high as C$11.64. Cineplex shares last traded at C$11.41, with a volume of 211,172 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CGX shares. Canaccord Genuity Group reduced their target price on shares of Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. National Bankshares reduced their target price 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 shares of Cineplex from C$13.00 to C$14.00 in a report on Monday, May 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cineplex presently has a consensus rating of "Buy" and an average price target of C$18.79.

Cineplex Price Performance

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. The company has a market capitalization of C$726.24 million, a PE ratio of -19.35, a P/E/G ratio of 0.30 and a beta of 2.74. The company's 50-day simple moving average is C$11.08 and its 200-day simple moving average is C$10.69.

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.