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

StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report report published on Sunday morning. The firm issued a hold rating on the stock.

Cinedigm Trading Down 2.0 %

Shares of NASDAQ CIDM opened at $1.24 on Friday. The business has a 50-day moving average of $1.39 and a 200-day moving average of $1.29. The firm has a market capitalization of $230.84 million, a price-to-earnings ratio of -24.70 and a beta of 2.05. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79.

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.