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

Equities research analysts at StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Cinedigm Trading Down 2.0 %

Shares of NASDAQ CIDM opened at $2.47 on Thursday. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79. The firm has a market capitalization of $461.68 million, a PE ratio of -49.40 and a beta of 2.05. The firm has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $1.01.

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.