Shares of National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.88 and traded as high as $6.78. National CineMedia shares last traded at $6.63, with a volume of 388,657 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Benchmark restated a "buy" rating and set a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. Barrington Research upped their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Wedbush reiterated a "neutral" rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Finally, B. Riley boosted their target price on shares of National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.06.
Read Our Latest Research Report on NCMI
National CineMedia Stock Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a market cap of $629.29 million, a PE ratio of -26.52 and a beta of 2.07. The firm has a fifty day moving average price of $6.85 and a 200 day moving average price of $5.89.
National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The business had revenue of $62.40 million during the quarter, compared to analysts' expectations of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter last year, the business posted $0.33 earnings per share. Research analysts forecast that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On National CineMedia
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC increased its holdings in National CineMedia by 7.9% in the 2nd quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider's stock worth $188,000 after buying an additional 3,132 shares during the period. Virtu Financial LLC increased its stake in shares of National CineMedia by 13.8% in the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider's stock worth $135,000 after acquiring an additional 3,172 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider's stock worth $123,000 after purchasing an additional 6,690 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of National CineMedia during the 2nd quarter valued at about $56,000. Finally, Intech Investment Management LLC acquired a new stake in National CineMedia during the third quarter worth about $97,000. Hedge funds and other institutional investors own 69.49% of the company's stock.
National CineMedia Company Profile
(
Get Free Report)
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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