Cineplex (TSE:CGX) Shares Cross Above 200-Day Moving Average - Time to Sell?

Shares of Cineplex Inc. (TSE:CGX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.68 and traded as high as C$11.85. Cineplex shares last traded at C$11.79, with a volume of 634,585 shares.

Wall Street Analyst Weigh In

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

Cineplex Stock Performance

The business's fifty day moving average is C$9.87 and its two-hundred day moving average is C$10.72. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The stock has a market capitalization of C$738.88 million, a PE ratio of -19.69, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74.

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.