Insider Selling: Imax Corp (IMAX) CFO Sells 2,811 Shares of Stock
Imax Corp (NYSE:IMAX) CFO Patrick Mcclymont sold 2,811 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $20.40, for a total transaction of $57,344.40. Following the completion of the sale, the chief financial officer now owns 2,145 shares in the company, valued at $43,758. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Imax Corp (IMAX) traded up $0.30 during trading hours on Friday, reaching $20.65. 672,878 shares of the company traded hands, compared to its average volume of 1,066,220. The company has a market cap of $1,340.23, a P/E ratio of 516.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.82. Imax Corp has a one year low of $17.58 and a one year high of $34.60.
A number of analysts have recently weighed in on IMAX shares. Roth Capital restated a “neutral” rating and issued a $22.50 target price (down from $25.00) on shares of Imax in a report on Wednesday, February 28th. B. Riley reiterated a “buy” rating and set a $35.00 price target on shares of Imax in a report on Monday, November 20th. Zacks Investment Research downgraded shares of Imax from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Wedbush set a $30.00 price target on shares of Imax and gave the company a “buy” rating in a report on Monday, January 8th. Finally, ValuEngine downgraded shares of Imax from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Imax presently has an average rating of “Hold” and a consensus price target of $28.63.
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IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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