Imax has landed in Wall Street’s dog house as investors try to figure out whether its weaker than expected attendance numbers are due to short term problems with Hollywood — or a potentially long term business challenge.
The share price is down nearly 28% since April 1. Today the stock touched its lowest level since early 2013 after Benchmark Co’s Mike Hickey downgraded his recommendation to “hold” from “buy” noting that the current quarter could be the fifth in a row in…
Source: New feed

Loading...

LEAVE A REPLY