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

Equities researchers at StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDMGet Free Report) 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

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Cinedigm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinedigm and related companies with MarketBeat.com's FREE daily email newsletter.