National CineMedia (NASDAQ:NCMI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
National CineMedia (NASDAQ:NCMI) opened at $7.05 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. The company has a market capitalization of $553.44, a P/E ratio of 21.36, a P/E/G ratio of 2.12 and a beta of 0.52. National CineMedia has a 52-week low of $5.12 and a 52-week high of $13.33.
In other National CineMedia news, major shareholder General L.P. Standard purchased 60,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $6.64 per share, with a total value of $398,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 810,940 shares of company stock valued at $5,503,629 over the last ninety days. Insiders own 5.40% of the company’s stock.
NCMI has been the subject of several analyst reports. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $8.75 in a research report on Tuesday, November 7th. JPMorgan Chase & Co. downgraded National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Wednesday, November 8th. BidaskClub upgraded National CineMedia from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.85.
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National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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