Zacks Investment Research downgraded IMAX Corporation (USA) (NYSE:IMAX) to Sell in a statement released earlier today.
- Updated: September 20, 2016
Only yesterday IMAX Corporation (USA) (NYSE:IMAX) traded 0.85% lower at $29.04. IMAX’s 50-day average is $30.66 and its two hundred day average is $31.09. With the last close down 6.22% relative to the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same time. Trading volume was was down over the average, with 358,661 shares of IMAX changing hands under the typical 778,458 shares..
Zacks Investment Research has downgraded IMAX Corporation (USA)(NYSE:IMAX) to Sell in a report released 9/20/2016.
On 9/14/2016, Macquarie Research reported about IMAX Corporation (USA)(NYSE:IMAX) lowered the target price from $42.00 to $41.00. At the time, this suggested an upside of 0.41%.
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A total of 14 brokers have released a report on the company. Five firms rate the stock a strong buy, seven analysts rate the stock a buy, two analyts rate the company a hold, one analyst rate the company to underperform, and lastly 0 brokeragesrate the company as sell with a consensus target stock price of $41.90
IMAX Corporation (USA) has a 52 week low of $25.52 and a one-year high of $40.36 with a price-earnings ratio of 42. IMAX’s market capitalization is presently $0.0.
Brief Synopsis On IMAX Corporation (USA) (NYSE:IMAX)
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the 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. The theater system maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network. The joint revenue sharing arrangements segment provides IMAX theater projection system equipment to exhibitors. The film production and IMAX DMR segment produces films and performs film re-mastering services. The film distribution segment distributes films. The film post-production segment provides film post-production and film print services. The other segment includes certain IMAX theaters that the Company owns and operates, and camera rentals and other miscellaneous items.
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