National CineMedia (NASDAQ:NCMI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

National CineMedia, Inc. (NASDAQ:NCMI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.78 and traded as high as $7.00. National CineMedia shares last traded at $6.69, with a volume of 671,783 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NCMI shares. Wedbush restated a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.06.

National CineMedia Stock Performance

The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $634.98 million, a PE ratio of -26.76 and a beta of 2.06. The firm has a 50 day moving average price of $6.70 and a 200 day moving average price of $6.79.

Insider Buying and Selling

In other news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the sale, the executive vice president now directly owns 66,987 shares in the company, valued at $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of National CineMedia

A number of institutional investors and hedge funds have recently made changes to their positions in NCMI. Summit Securities Group LLC purchased a new stake in shares of National CineMedia in the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets purchased a new stake in shares of National CineMedia in the fourth quarter valued at approximately $57,000. DRW Securities LLC purchased a new stake in shares of National CineMedia in the fourth quarter valued at approximately $73,000. Quarry LP purchased a new stake in shares of National CineMedia in the fourth quarter valued at approximately $91,000. Finally, Ieq Capital LLC purchased a new stake in shares of National CineMedia in the fourth quarter valued at approximately $93,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

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.