News articles about Imax (NYSE:IMAX) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Imax earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3544296125375 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Shares of Imax (IMAX) opened at $20.25 on Friday. Imax has a fifty-two week low of $17.58 and a fifty-two week high of $34.60. The firm has a market cap of $1,359.85, a PE ratio of 225.03, a PEG ratio of 1.23 and a beta of 1.13.

Imax (NYSE:IMAX) last posted its earnings results on Thursday, October 26th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. Imax had a net margin of 1.78% and a return on equity of 2.62%. The firm had revenue of $98.80 million for the quarter, compared to the consensus estimate of $86.17 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. equities analysts forecast that Imax will post 0.23 EPS for the current year.

A number of analysts have issued reports on IMAX shares. BidaskClub upgraded shares of Imax from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Credit Suisse Group reduced their price target on shares of Imax from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Wedbush reiterated a “buy” rating and issued a $29.00 price target on shares of Imax in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Imax from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, B. Riley set a $35.00 target price on shares of Imax and gave the stock a “buy” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.30.

In related news, insider Mark Welton sold 8,985 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $25.81, for a total transaction of $231,902.85. Following the transaction, the insider now directly owns 16,331 shares in the company, valued at approximately $421,503.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert D. Lister sold 3,528 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $23.97, for a total transaction of $84,566.16. Following the transaction, the insider now owns 35,594 shares in the company, valued at $853,188.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,050 shares of company stock worth $425,276. Insiders own 18.90% of the company’s stock.

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Imax Company Profile

IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

Insider Buying and Selling by Quarter for Imax (NYSE:IMAX)

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