National CineMedia (NASDAQ:NCMI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

National CineMedia, Inc. (NASDAQ:NCMI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.27 and traded as high as $6.61. National CineMedia shares last traded at $6.48, with a volume of 389,140 shares trading hands.

Analysts Set New Price Targets

NCMI has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and set a $7.50 target price (up from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Barrington Research lifted their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.06.

National CineMedia Trading Down 1.8 %

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 capitalization of $615.05 million, a PE ratio of -25.92 and a beta of 2.07. The business’s 50-day moving average is $6.94 and its two-hundred day moving average is $6.27.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share 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 period in the prior year, the firm posted $0.33 EPS. As a group, equities research analysts anticipate that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On National CineMedia

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of National CineMedia in the second quarter valued at $56,000. Intech Investment Management LLC acquired a new stake in National CineMedia in the 3rd quarter valued at about $97,000. The Manufacturers Life Insurance Company purchased a new position in National CineMedia during the 2nd quarter valued at about $124,000. Hill Investment Group Partners LLC raised its position in National CineMedia by 100.9% during the second quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock worth $151,000 after acquiring an additional 17,276 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 3,132 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

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.