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

Equities researchers at StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Cinedigm Trading Up 7.9 %

Shares of CIDM stock opened at $2.73 on Friday. The stock’s fifty day simple moving average is $1.40 and its 200-day simple moving average is $1.05. The company has a market capitalization of $510.28 million, a price-to-earnings ratio of -54.60 and a beta of 2.05. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79.

Cinedigm Company Profile

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.