Everyman Media Group (LON:EMAN) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Everyman Media Group plc (LON:EMAN)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 58.04 ($0.75) and traded as low as GBX 52.36 ($0.68). Everyman Media Group shares last traded at GBX 53 ($0.69), with a volume of 72,861 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 200 ($2.60) price target on shares of Everyman Media Group in a report on Thursday, July 25th.

Everyman Media Group Stock Down 1.9 %

The stock has a fifty day moving average of GBX 58.04 and a 200 day moving average of GBX 54.96. The firm has a market capitalization of £47.41 million, a P/E ratio of -1,766.67 and a beta of 1.18. The company has a debt-to-equity ratio of 317.53, a current ratio of 0.46 and a quick ratio of 0.48.

Insider Buying and Selling

In other news, insider Michael Rosehill bought 750,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of GBX 53 ($0.69) per share, with a total value of £397,500 ($516,099.71). 61.84% of the stock is currently owned by corporate insiders.

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.