Cinedigm Corp. (CIDM) Trading Down 4.2%
Cinedigm Corp. (NASDAQ:CIDM) shares dropped 4.2% during mid-day trading on Friday . The stock traded as low as $1.90 and last traded at $2.03, with a volume of 210,947 shares traded. The stock had previously closed at $2.12.
Separately, Zacks Investment Research cut Cinedigm Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 12th.
The stock’s market cap is $15.76 million. The stock has a 50-day moving average of $1.36 and a 200 day moving average of $2.05.
Cinedigm Corp. (NASDAQ:CIDM) last released its quarterly earnings results on Thursday, July 14th. The company reported ($0.95) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.05) by $0.10. The company earned $28.20 million during the quarter, compared to the consensus estimate of $23.20 million. During the same period in the previous year, the firm posted ($0.60) earnings per share. Equities analysts anticipate that Cinedigm Corp. will post ($3.05) EPS 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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