Indigo Books & Music (TSE:IDG) Share Price Passes Below 200 Day Moving Average of $2.22

Indigo Books & Music Inc. (TSE:IDGGet Rating)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.22 and traded as low as C$1.96. Indigo Books & Music shares last traded at C$1.98, with a volume of 500 shares.

Analyst Upgrades and Downgrades

Separately, Cormark lowered their price target on shares of Indigo Books & Music from C$5.00 to C$4.30 in a research report on Monday, February 13th.

Indigo Books & Music Trading Up 2.1 %

The company has a debt-to-equity ratio of 2,093.16, a current ratio of 1.10 and a quick ratio of 0.09. The firm has a market capitalization of C$54.15 million, a P/E ratio of -1.78 and a beta of 1.34. The business’s 50-day moving average is C$2.11 and its 200 day moving average is C$2.22.

Indigo Books & Music (TSE:IDGGet Rating) last released its earnings results on Thursday, February 9th. The company reported C$1.22 EPS for the quarter. Indigo Books & Music had a negative net margin of 2.81% and a negative return on equity of 80.95%. The firm had revenue of C$422.73 million for the quarter. As a group, analysts anticipate that Indigo Books & Music Inc. will post -0.31 EPS for the current fiscal year.

Indigo Books & Music Company Profile

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Indigo Books & Music Inc, together with its subsidiaries, operates as a book and lifestyle retailer in Canada and the United States. It also offers books, toys, gifts, baby, kids, wellness, lifestyle, living, fashion, paper, home, and electronics products. The company provides its products under the OUI STUDIO, OUI Design, Auria, LOVE & LORE, NÓTA, Wonder Co, Mini Maison, and The Littlest brands.

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