DHX Media Ltd. (DHXM) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer cyclical sector halfway through the trading day. At the lunch break, shares of DHXM have fallen 12.23% to $3.9 after closing the day prior at $4.44. So far, the stock has traded as high as $3.9 and as low as $3.9. Today’s decline has come with about 100 shares changing hands, compared to an average 30-day volume of 1,714 for DHX Media Ltd.. The price is currently below the 30-day volume weighted average price of $3.9 for DHXM.
The share depreciation gives the company a market capitalization of $123.13 million based upon 27.71 million shares outstanding. It also means that DHX Media Ltd. V has a price-to-book ratio of 2.29:1.
In the past 52 weeks, shares of DHXM have traded as low as $3.8 and as high as $7.11. Technical traders will take note that at $3.9, shares of DHXM are trading below their 200-day MA at $5.05 and below their 50-day MA at $4.28. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is DHX Media Ltd. V?
DHX Media Ltd is a pure play children's content company that develops, produces & distributes films & television programs for kids and family across domestic & international markets. The company’s 1212 employees are led by CEO Dana Sean Landry from the corporate headquarters at 1478 Queen Street in Halifax, NS.
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