Cinedigm (NASDAQ:CIDM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Cinedigm Stock Performance

Shares of Cinedigm stock opened at $0.29 on Monday. The company’s 50-day simple moving average is $1.16. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79. The firm has a market cap of $55.05 million, a price-to-earnings ratio of -5.89 and a beta of 2.05.

Cinedigm Company Profile

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.