Cinedigm Corp (CIDM) Getting Somewhat Positive Media Coverage, Accern Reports
Press coverage about Cinedigm Corp (NASDAQ:CIDM) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cinedigm Corp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.1501624948461 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Cinedigm Corp (NASDAQ CIDM) remained flat at $1.51 on Friday. The stock had a trading volume of 14,365 shares. The company has a 50 day moving average price of $1.50 and a 200-day moving average price of $1.58. Cinedigm Corp has a 52-week low of $1.20 and a 52-week high of $3.00. The firm’s market capitalization is $20.62 million.
Cinedigm Corp (NASDAQ:CIDM) last issued its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.37. The company had revenue of $15.24 million for the quarter. On average, analysts predict that Cinedigm Corp will post ($3.05) earnings per share for the current fiscal year.
Separately, ValuEngine downgraded Cinedigm Corp from a “sell” rating to a “strong sell” rating in a report on Saturday, July 22nd.
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About Cinedigm Corp
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.
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