Entertainment One Ltd (LON:ETO) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $557.62 and traded as high as $561.00. Entertainment One shares last traded at $556.50, with a volume of 888,208 shares traded.
A number of analysts recently issued reports on ETO shares. Berenberg Bank downgraded shares of Entertainment One to a “hold” rating and raised their price objective for the stock from GBX 475 ($6.21) to GBX 572 ($7.47) in a report on Monday, September 9th. Royal Bank of Canada downgraded shares of Entertainment One to a “sector performer” rating and lifted their target price for the stock from GBX 470 ($6.14) to GBX 560 ($7.32) in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 567.33 ($7.41).
The stock has a market cap of $2.78 billion and a PE ratio of -123.67. The company has a debt-to-equity ratio of 93.70, a current ratio of 1.54 and a quick ratio of 1.05. The firm’s 50 day moving average price is GBX 557.62 and its two-hundred day moving average price is GBX 487.64.
In other news, insider Joe Sparacio sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of GBX 556 ($7.27), for a total value of £139,000 ($181,628.12).
About Entertainment One (LON:ETO)
Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family, television (TV), music, and film content rights across various media worldwide. The company operates in three segments: Family & Brands, Television, and Film. It distributes and sells films on screens in theatres and digitally, on DVDs and Blu-rays, and on TV; develops, produces, and distributes TV content across genres, platforms, and territories; and records, distributes, and licenses albums and songs.
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