The stock of RLJ Entertainment Inc (NASDAQ:RLJE) is a huge mover today! About 5.39M shares traded hands or 8007.46% up from the average. RLJ Entertainment Inc (NASDAQ:RLJE) has risen 28.21% since March 14, 2016 and is uptrending. It has outperformed by 22.59% the S&P500.
The move comes after 7 months positive chart setup for the $11.94 million company. It was reported on Oct, 17 by Barchart.com. We have $5.50 PT which if reached, will make NASDAQ:RLJE worth $16.24 million more.
Analysts await RLJ Entertainment Inc (NASDAQ:RLJE) to report earnings on November, 21.
According to Zacks Investment Research, “RLJ Entertainment, Inc. operates as a licensee and distributor of entertainment content and programming primarily in North America, the United Kingdom and Australia. It releases its content on a variety of formats and platforms which includes DVD, Blu-Ray, digital download, digital streaming, broadcast television (including satellite and cable), theatrical and non-theatrical. The company’s owned and distributed brands includes Acorn (British TV), Image (stand-up comedy, feature films), and One Village (urban), Acacia (fitness), Slingshot (faith), Athena (educational), Criterion (art films) and Madacy gift sets. RLJ Entertainment, Inc. is based in Bethesda, Maryland.”
More notable recent RLJ Entertainment Inc (NASDAQ:RLJE) news were published by: Wsj.com which released: “RLJ Entertainment to Team Up With AMC Networks” on October 17, 2016, also Prnewswire.com with their article: “RLJ Entertainment Reports Financial Results For The Quarter Ended June 30, 2016” published on August 15, 2016, Prnewswire.com published: “RLJ Entertainment Announces Reverse Stock Split Of Common Stock” on June 09, 2016. More interesting news about RLJ Entertainment Inc (NASDAQ:RLJE) were released by: Prnewswire.com and their article: “Nazir Rostom To Join RLJ Entertainment, Inc. As Chief Financial Officer” published on May 18, 2016 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: October 12, 2012.
RLJE Company Profile
RLJ Entertainment, Inc. (RLJE), incorporated on April 2, 2012, is a global entertainment content distribution firm with a direct presence in North America, the United Kingdom and Australia with sublicense and distribution relationships covering Europe, Asia and Latin America. RLJE is a film and television licensee focusing on action, thriller and horror independent feature films. RLJE operates through three divisions: Intellectual Property (IP) Licensing; Wholesale, and Direct-to-Consumer. The IP Licensing segment includes IP rights that the Company owns, produces and then exploits in various formats, including digital versatile disc (DVD), Blu-ray, digital, broadcast (including cable and satellite), video on demand (VOD), streaming video, downloading and sublicensing. The Company’s Wholesale and Direct-to-Consumer divisions consist of the acquisition, content enhancement and exploitation of content in the same markets as its owned content.
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