StockNews.com Begins Coverage on Cinedigm (NASDAQ:CIDM)

Investment analysts at StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Cinedigm Stock Up 1.9 %

Shares of CIDM opened at $0.83 on Wednesday. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79. The company has a market capitalization of $155.14 million, a P/E ratio of -16.60 and a beta of 2.05. The firm has a 50 day moving average of $1.21 and a 200 day moving average of $1.27.

About Cinedigm

Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free, ad-supported streaming television (FAST) channels.