NEW YORK (TheStreet) -- Shares of DreamWorks Animation SKG Inc. (DWA) are lower by 5.33% to $22.57 in mid-afternoon trading on Monday, as the studio's latest animated feature "Penguins of Madagascar" failed to meet box office expectations.
Having debuted last week, the filmed earned $35 million over the five-day Thanksgiving holiday, falling short of the $45 million to $48 million the family feature was expected to earn, Variety reports.
"Movies are going to be the driving factor with their stock price and the movie business is often very hit and miss, and they seem to have gotten it wrong several times now," an analyst with Ascendiant Capital Markets told Variety.
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Separately, TheStreet Ratings team rates DREAMWORKS ANIMATION INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate DREAMWORKS ANIMATION INC (DWA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."