National CineMedia (NASDAQ:NCMI) Stock Crosses Above 200-Day Moving Average – Here’s Why

National CineMedia, Inc. (NASDAQ:NCMI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.50 and traded as high as $3.88. National CineMedia shares last traded at $3.88, with a volume of 198,973 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on NCMI. Weiss Ratings cut shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wedbush decreased their target price on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, National CineMedia currently has a consensus rating of “Hold” and a consensus price target of $5.38.

National CineMedia Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $365.74 million, a price-to-earnings ratio of -43.33 and a beta of 1.36. The company’s 50 day moving average is $3.47 and its 200 day moving average is $3.50.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $32.92 million. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.

National CineMedia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.1%. National CineMedia’s dividend payout ratio (DPR) is currently -133.33%.

Insider Transactions at National CineMedia

In other National CineMedia news, insider Maria Vg Woods sold 12,058 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total transaction of $45,458.66. Following the completion of the sale, the insider directly owned 163,162 shares of the company’s stock, valued at $615,120.74. This represents a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of National CineMedia during the first quarter worth approximately $43,000. Quantbot Technologies LP acquired a new stake in shares of National CineMedia in the third quarter valued at about $34,000. Graham Capital Management L.P. purchased a new stake in shares of National CineMedia during the 4th quarter worth approximately $40,000. BNP Paribas Financial Markets boosted its position in National CineMedia by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of National CineMedia in the 4th quarter worth about $53,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.