Cineplex (OTCMKTS:CPXGF) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Cineplex Inc. (OTCMKTS:CPXGF)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.57 and traded as high as $8.84. Cineplex shares last traded at $8.35, with a volume of 8,209 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPXGF. Scotiabank reiterated an “outperform” rating on shares of Cineplex in a research note on Wednesday, August 13th. BMO Capital Markets restated a “market perform” rating on shares of Cineplex in a report on Friday, October 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cineplex presently has an average rating of “Moderate Buy”.

Cineplex Trading Down 5.5%

The firm has a 50-day moving average of $8.57 and a 200 day moving average of $8.15.

About Cineplex

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.