DHX Media (DHXM) Shares Gap Up to $5.46
DHX Media (NASDAQ:DHXM) shares gapped up before the market opened on Friday . The stock had previously closed at $5.40, but opened at $5.46. DHX Media shares last traded at $5.88, with a volume of 17,927 shares.
Several brokerages have recently weighed in on DHXM. TD Securities restated a “buy” rating and set a $9.50 target price (down from $11.00) on shares of DHX Media in a report on Thursday, May 5th. Royal Bank Of Canada began coverage on DHX Media in a report on Wednesday, May 11th. They set an “outperform” rating and a $10.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. DHX Media currently has an average rating of “Buy” and an average target price of $10.20.
The company’s 50 day moving average is $5.07 and its 200-day moving average is $5.40. The stock has a market cap of $719.06 million and a PE ratio of 29.04.
The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Monday, May 30th were issued a dividend of $0.0125 per share. The ex-dividend date was Wednesday, May 25th. This is a boost from DHX Media’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 0.87%.
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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