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

Cineplex Inc. (TSE:CGX - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.96 and traded as high as C$11.08. Cineplex shares last traded at C$10.81, with a volume of 358,510 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of Cineplex from C$12.50 to C$14.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cineplex has an average rating of "Moderate Buy" and an average price target of C$18.93.

Cineplex Price Performance

The firm has a 50 day moving average of C$11.50 and a 200-day moving average of C$10.98. The company has a current ratio of 0.43, a quick ratio of 0.22 and a debt-to-equity ratio of -4,623.78. The company has a market cap of C$694.67 million, a P/E ratio of -18.51, a P/E/G 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.