WildBrain (TSE:WILD) Shares Down 4.8% - Here's What Happened

Key Points

• Shares fell 4.8% during mid-day trading to C$1.38 (intraday low C$1.27) on volume of 161,785 shares, a 78% increase versus average volume.
• Analysts at National Bank Financial and RBC cut their price targets to C$2.00, and the consensus rating is Hold with a consensus target of C$2.00.
• WildBrain trades below its 200‑day moving average (C$1.58), has a market cap of C$294.8M and a negative PE (-8.12), reflecting the company is currently unprofitable.

WildBrain Ltd. (TSE:WILD - Get Free Report)'s share price traded down 4.8% during mid-day trading on Monday . The company traded as low as C$1.27 and last traded at C$1.38. 161,785 shares traded hands during trading, an increase of 78% from the average session volume of 90,742 shares. The stock had previously closed at C$1.45.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WILD. National Bank Financial dropped their price target on shares of WildBrain from C$2.25 to C$2.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 23rd. Royal Bank Of Canada reduced their price objective on WildBrain from C$2.50 to C$2.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 23rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$2.00.

WildBrain Price Performance

The stock has a 50 day moving average of C$1.41 and a two-hundred day moving average of C$1.58. The stock has a market cap of C$294.84 million, a PE ratio of -8.12, a PEG ratio of 6.85 and a beta of -0.69. The company has a debt-to-equity ratio of -511.40, a quick ratio of 0.88 and a current ratio of 2.58.

About WildBrain

At WildBrain we inspire imaginations through the wonder of storytelling. A leader in 360° franchise management-spanning Content Creation, Audience Engagement and Global Licensing-our mission is to cultivate and grow love for our own and partner brands through exceptional entertainment experiences. Home to such franchises as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we produce such acclaimed series as The Snoopy Show,¿Snoopy in Space,¿Camp Snoopy, Teletubbies Let's Go!, Yo Gabba GabbaLand!, Sonic Prime and Strawberry Shortcake: Berry in the Big City.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.