NEW YORK (
) is trading at unusually high volume Thursday with 5.1 million shares changing hands. It is currently at four times its average daily volume and trading up $3.39 (+12.7%) at $29.99 as of 4:05 p.m. ET.
Imax has a market cap of $1.7 billion and is part of the
industry. Shares are up 48.2% year to date as of the close of trading on Wednesday.
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 203, above the average consumer durables industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 16.
TheStreet Ratings rates Imax as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full
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