|Bid||94.28 x 0|
|Ask||94.36 x 0|
|Day's range||92.91 - 99.46|
|52-week range||15.11 - 124.85|
|Beta (5Y monthly)||3.53|
|PE ratio (TTM)||N/A|
|Earnings date||25 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Apr 2020|
|1y target est||4.36|
The approval comes at a critical time for Cineworld, as it has started reopening its theatres in the United States and is gearing up to welcome back moviegoers in the UK next month. The industry saw huge losses last year, with the global health crisis shuttering theatres and disrupting film production in addition to accelerating a shift to online streaming platforms.
Movie theaters have taken a serious beating in the course of the coronavirus pandemic. Last October, Cineworld Group (LSE: CINE), the parent company of Regal Cinemas, made the decision to temporarily close all of its U.S. and U.K. movie theaters. Cineworld also signed a multi-year agreement with Warner Bros. that begins in 2022 and states that Warner Bros. feature films will have to play in theaters for 45 days before moving over to streaming platforms.
Will the Cineworld share price ever soar back to its pre-coronavirus highs? Here's my views on the battered UK leisure share. The post Why I’d ignore the Cineworld share price and buy other UK shares appeared first on The Motley Fool UK.