Imax Rises On Unusually High Volume (IMAX)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Tuesday with 3.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.97 (+8.9%) at $24.04 as of 3:40 p.m. ET.
Imax has a market cap of $1.37 billion and is part of the
sector and
industry. Shares are up 20.6% year to date as of the close of trading on Monday.
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. It specializes in digital and film-based motion picture technologies. The company has a P/E ratio of 22.3, below the average media industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Imax as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow. You can view the full
.
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