Indigo Books & Music (TSE:IDG) Stock Passes Below Two Hundred Day Moving Average of $8.01

Indigo Books & Music Inc. (TSE:IDG) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.01 and traded as low as $5.60. Indigo Books & Music shares last traded at $5.76, with a volume of 5,670 shares traded.

Separately, Cormark reduced their price target on shares of Indigo Books & Music from C$15.00 to C$9.00 in a research report on Friday, September 13th.

The company’s 50-day moving average is C$6.01 and its 200-day moving average is C$7.97. The firm has a market cap of $150.01 million and a price-to-earnings ratio of -3.73. The company has a debt-to-equity ratio of 233.30, a quick ratio of 0.40 and a current ratio of 1.38.

Indigo Books & Music (TSE:IDG) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.69) earnings per share (EPS) for the quarter. The company had revenue of C$192.56 million for the quarter. On average, analysts predict that Indigo Books & Music Inc. will post -0.33 EPS for the current year.

About Indigo Books & Music (TSE:IDG)

Indigo Books & Music Inc operates as a book, gift, and specialty toy retailer in Canada. The company also offers kids, toy, baby, home, fashion, paper, and electronics products. As of March 31, 2018, it operated 86 superstores and 123 small format stores under the Indigo, Chapters, Coles, Indigospirit, and The Book Company names.

Read More: Cost of Goods Sold (COGS)

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