DHX Media (DHX) Shares Down 10.8%
Shares of DHX Media Ltd. (TSE:DHX) fell 10.8% on Tuesday . The stock traded as low as C$2.20 and last traded at C$2.22. 99,050 shares traded hands during trading, a decline of 72% from the average session volume of 351,975 shares. The stock had previously closed at C$2.49.
A number of brokerages recently weighed in on DHX. B. Riley lowered shares of DHX Media from a “buy” rating to a “neutral” rating in a report on Monday, November 26th. National Bank Financial lowered shares of DHX Media from a “sector perform” rating to an “underperform” rating and set a C$2.75 price target on the stock. in a research note on Monday, December 10th. CIBC lowered shares of DHX Media from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from C$2.00 to C$2.50 in a research note on Wednesday, November 14th. Royal Bank of Canada lifted their target price on shares of DHX Media from C$2.00 to C$3.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 14th. Finally, TD Securities boosted their price objective on shares of DHX Media from C$1.50 to C$2.75 and gave the company a “hold” rating in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. DHX Media currently has an average rating of “Hold” and an average target price of C$2.88.
The company has a market cap of $341.25 million and a price-to-earnings ratio of -12.30. The company has a debt-to-equity ratio of 108.84, a quick ratio of 1.03 and a current ratio of 1.71.
In other news, insider Fine Capital Partners, L.P. bought 16,260 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were bought at an average cost of C$2.73 per share, with a total value of C$44,389.80. Also, Director Deborah Ann Drisdell acquired 15,700 shares of DHX Media stock in a transaction on Friday, November 16th. The shares were bought at an average cost of C$2.85 per share, for a total transaction of C$44,745.00. Insiders bought 1,116,270 shares of company stock valued at $2,709,117 in the last quarter.
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DHX Media Company Profile (TSE:DHX)
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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