Cineplex (TSE:CGX) Shares Pass Above 200-Day Moving Average - Here's What Happened

Cineplex Inc. (TSE:CGX - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.78 and traded as high as C$12.93. Cineplex shares last traded at C$12.57, with a volume of 325,879 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their target price on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cineplex has an average rating of "Moderate Buy" and a consensus target price of C$18.71.

Cineplex Stock Performance

The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The company has a market cap of C$804.28 million, a price-to-earnings ratio of -11.28, a PEG ratio of 0.30 and a beta of 2.74. The firm has a 50 day simple moving average of C$10.84 and a 200-day simple moving average of C$9.81.

Insider Transactions at Cineplex

In related news, Director Ellis Jacob sold 29,874 shares of Cineplex stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$10.02, for a total value of C$299,337.48. Company insiders own 1.85% of the company's stock.

Cineplex Company Profile

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.