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

Equities researchers at StockNews.com started coverage on shares of Cinedigm (NASDAQ:CIDM) in a report released on Monday. The brokerage set a “hold” rating on the stock.

Cinedigm Price Performance

NASDAQ CIDM opened at $0.29 on Monday. The firm has a market capitalization of $55.05 million, a P/E ratio of -5.89 and a beta of 2.05. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79. The business’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $1.29.

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.