Revenue Update on RLJ Entertainment Inc(NASDAQ:RLJE)

RLJ Entertainment Inc(NASDAQ:RLJE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.89.

RLJ Entertainment Inc (RLJE) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.43% at a volume of 13,279. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.4143. The peak price level was also seen at $2.4143 while the days lowest was $2.27. Finally the shares closed at $2.34. The 52-week high of the shares is $3.63 while the 52-week low is $1.09. According to the latest information available, the market cap of the company is $13 M.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Mark Nunis (Principal Fin & Acctg Officer) sold 18,100 shares at $0.62 per share price.Also, On Jan 8, 2016, Miguel Penella (CEO) sold 7,400 shares at $0.52 per share price.On Jun 12, 2015, Andrew Sean Sr Wilson (CFO) sold 3,210 shares at $0.47 per share price, according to the Form-4 filing with the securities and exchange commission.

RLJ Entertainment Inc. is a global entertainment company with a direct presence in North America the United Kingdom and Australia and sublicense and distribution relationships covering Europe Asia and Latin America. The Company acquires content rights in various categories with focus on British episodic mystery and drama urban programming and full-length motion pictures. It acquires content in two ways: through long-term exclusive licensing agreements which includes digital video disc (DVD) and Blu-ray streaming download-to-own download-to-rent video-on-demand (VOD) broadcast and theatrical and through development production and ownership of original drama television programming through its wholly-owned subsidiary RLJE Ltd. and its majority owned subsidiary Agatha Christie Limited (ACL) as well as fitness programs through its Acacia brand. The Company operates in three segments: intellectual property licensing (IP Licensing) wholesale and direct-to-consumer.

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