Sony (NYSE:SNE) Fights Over 3-D Glasses with Cinemas – SNE, PC, HAR, UEIC

  on May 21,2012 Posted in Business News ,Featured
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Sony Corporation (ADR) (NYSE:SNE) Pictures and key cinema operators are locked in an argument regarding who would pay for 3-D glasses for “Men in Black 3,” a key summer announcement a week away from its first appearance.

A person with knowledge about the matter, who requested anonymity because the discussion are private, stated that Sony Corp’s film business and theater executives are in talks to settle the quarrel regarding 3-D showings of the film, planned to open on May 25.

Executives from biggest chain Regal Entertainment Group (NYSE:RGC) and Cinemark Holdings, Inc (NYSE:CNK) recent weeks have reported they was not admit defeat.

Panasonic Corporation (ADR) (NYSE:PC) fell -2.47% to settle at $6.70, Harman International Industries Inc./DE/(NYSE:HAR) moved down -0.94% to end at $38.91 while Universal Electronics Inc. (NASDAQ:UEIC) plunged -2.06% to finish on Friday at $13.81.

Sony Corporation (ADR) (NYSE:SNE) on MAY 18, 2012 it decreased -3.30% to the closing price of $13.77. The overall volume in the last trading session was 1.42 million shares. Its fifty two week range was $13.72 -$28.02. The total market capitalization remained $13.82 billion.

SNE is ahead its 52 week low with +0.29% and lagging behind from its 52 week high price with -50.86%. SNE last month stock price volatility remained 1.75%. In its share capital SNE has 1.00 billion outstanding shares among them 1.00 billion shares have been floated in market exchange. SNE stock institutional ownership remained 5.83%.

The stock price of SNE is moving down from its 20 days moving average with -10.93% and remote negatively from 50 days moving average with -24.31%. SNE current year earnings per share fell -75.92% while its current quarter performance remained -33.16%. Company’s beta coefficient included 1.47. Beta factors measures the amount of market risk associated with market trade.



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