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

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

Cinedigm Trading Up 1.9 %

Shares of CIDM opened at $0.83 on Wednesday. The firm has a market capitalization of $155.14 million, a P/E ratio of -16.60 and a beta of 2.05. Cinedigm has a 12-month low of $0.27 and a 12-month high of $0.79. The firm has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.27.

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.