BidaskClub upgraded shares of Cinedigm Corp (NASDAQ:CIDM) from a strong sell rating to a sell rating in a research note issued to investors on Friday.

Separately, ValuEngine cut shares of Cinedigm Corp from a sell rating to a strong sell rating in a report on Tuesday, October 3rd.

Shares of Cinedigm Corp (NASDAQ:CIDM) opened at $1.38 on Friday. The company has a debt-to-equity ratio of -1.39, a quick ratio of 0.76 and a current ratio of 0.77. Cinedigm Corp has a 12-month low of $1.11 and a 12-month high of $3.00.

Cinedigm Corp (NASDAQ:CIDM) last released its quarterly earnings results on Monday, August 14th. The business services provider reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.37. The firm had revenue of $15.24 million during the quarter.

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A hedge fund recently raised its stake in Cinedigm Corp stock. Renaissance Technologies LLC increased its stake in Cinedigm Corp (NASDAQ:CIDM) by 35.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,040 shares of the business services provider’s stock after purchasing an additional 113,100 shares during the period. Renaissance Technologies LLC owned 4.10% of Cinedigm Corp worth $668,000 as of its most recent filing with the Securities & Exchange Commission. 8.71% of the stock is owned by institutional investors.

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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