Dubai IMAX Corporation has reported a record-breaking box office performance during the Chinese New Year period, ama

While the holiday has concluded, IMAX's record-breaking slate of Chinese New Year films will continue to play throughout the IMAX China network for another month. IMAX delivered its highest market share of the holiday - 4.3% on only 1% of screens - and $7.2 million on the final day of the period, demonstrating the continued strength of the slate.

IMAX Corporation (NYSE:IMAX), with a market capitalization of $1.24 billion and impressive gross profit margins of 54.54%, maintained its Buy rating and $30.00 price target from Benchmark analysts. The firm's confidence in the stock was bolstered by IMAX's record-breaking performance during the Chinese New Year (CNY) box office in China.