NEW YORK (TheStreet) -- Shares of IMAX Corp. (IMAX) finished the day in the green, closing up by 1.46% to $43.09 on Monday afternoon, after the specialized movie theater company reported that it achieved a record opening weekend thanks to Universal Pictures' (CMCSA) latest installment in the "Jurassic Park" franchise, "Jurassic World."
The company reported that "Jurassic World" earned a record setting $44.2 million at IMAX theaters worldwide. Domestically, "Jurassic World" debuted in IMAX with a benchmark $21 million on 363 IMAX screens.
"This film touches on many of the key pulse points of IMAX - our rich history of releasing dinosaur documentaries, the widely successful IMAX re-release of "Jurassic Park 3D" in 2013 and our partnership with these filmmakers. With the strong word-of-mouth, we look forward to a robust worldwide run of 'Jurassic World', which is tailor-made for the IMAX experience," IMAX Entertainment CEO Greg Foster said in a statement.
Overall "Jurassic World" had the highest-grossing opening weekend in U.S. history with $208.8 million gross, CNN Money reports. Internationally the film earned $315.3 million in its opening.
Separately, TheStreet Ratings team rates IMAX CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate IMAX CORP (IMAX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."