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

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

Cinedigm Stock Performance

Shares of NASDAQ CIDM opened at $2.55 on Friday. The company has a market cap of $476.63 million, a P/E ratio of -51.00 and a beta of 2.05. The firm’s fifty day moving average is $1.37 and its two-hundred day moving average is $1.04. Cinedigm has a 52-week low of $0.27 and a 52-week high of $0.79.

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.