Cinedigm (NASDAQ:CIDM) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note released on Monday morning. The firm issued a hold rating on the stock.

Cinedigm Stock Performance

NASDAQ CIDM opened at $0.81 on Monday. The firm has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.28. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79. The stock has a market cap of $150.86 million, a PE ratio of -16.14 and a beta of 2.05.

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.