Cineplex (TSE:CGX) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Posted by Tyrone Williams on Jan 12th, 2025

Cineplex Inc. (TSE:CGX – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.39 and traded as high as C$11.97. Cineplex shares last traded at C$11.86, with a volume of 331,163 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cineplex has a consensus rating of “Moderate Buy” and a consensus price target of C$18.71.

Read Our Latest Research Report on Cineplex

Cineplex Price Performance

The business has a 50-day moving average of C$11.55 and a 200 day moving average of C$10.42. The firm has a market capitalization of C$755.24 million, a P/E ratio of -10.59, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69.

Insider Activity

In other news, Director Ellis Jacob sold 29,874 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$299,337.48. Insiders sold a total of 33,615 shares of company stock worth $340,197 over the last quarter. 1.85% of the stock is currently owned by corporate insiders.

About Cineplex

(Get Free Report)

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.