Cinedigm Corp. (CIDM) Shares Up 39.9%
Cinedigm Corp. (NASDAQ:CIDM) shares shot up 39.9% on Thursday . The stock traded as high as $2.46 and last traded at $2.14, with a volume of 1,613,503 shares traded. The stock had previously closed at $1.53.
Separately, Zacks Investment Research cut Cinedigm Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th.
The stock’s market cap is $16.70 million. The firm has a 50-day moving average of $1.34 and a 200-day moving average of $2.06.
Cinedigm Corp. (NASDAQ:CIDM) last released its quarterly earnings data on Thursday, July 14th. The company reported ($0.95) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.05) by $0.10. The firm had revenue of $28.20 million for the quarter, compared to the consensus estimate of $23.20 million. During the same quarter in the prior year, the firm earned ($0.60) EPS. On average, equities analysts forecast that Cinedigm Corp. will post ($3.05) earnings per share for the current fiscal year.
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content. The Company operates in four segments: the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment or CEG).
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