Everyman Media Group (LON:EMAN) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Everyman Media Group plc (LON:EMAN)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 56.40 ($0.73) and traded as low as GBX 53.50 ($0.69). Everyman Media Group shares last traded at GBX 53.50 ($0.69), with a volume of 900 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 200 ($2.57) target price on shares of Everyman Media Group in a research note on Thursday, July 25th.

Everyman Media Group Price Performance

The company has a debt-to-equity ratio of 317.53, a current ratio of 0.46 and a quick ratio of 0.48. The business’s fifty day moving average price is GBX 56.40 and its 200-day moving average price is GBX 54.71. The stock has a market capitalization of £48.78 million, a price-to-earnings ratio of -1,783.33 and a beta of 1.18.

About Everyman Media Group

Everyman Media Group plc, together with its subsidiaries, engages in the ownership and management of cinemas in the United Kingdom. The company operates a network of 38 venues with 130 screens under the Everyman brand name. It is also involved in the property management business. The company was formerly known as Finlaw Two Plc and changed its name to Everyman Media Group plc in October 2013.