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

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

Cinedigm Stock Down 2.2 %

CIDM stock opened at $1.32 on Friday. The business has a 50 day moving average price of $1.41 and a two-hundred day moving average price of $1.29. The company has a market cap of $246.73 million, a price-to-earnings ratio of -26.40 and a beta of 2.05. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79.

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.