Cinedigm Corp. (CIDM) Trading 8.5% Higher
Cinedigm Corp. (NASDAQ:CIDM) shares traded up 8.5% on Friday . The stock traded as high as $2.36 and last traded at $2.05, with a volume of 142,308 shares traded. The stock had previously closed at $1.89.
Separately, Zacks Investment Research cut Cinedigm Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th.
The stock’s market capitalization is $17.57 million. The firm has a 50-day moving average of $1.54 and a 200-day moving average of $1.98.
Cinedigm Corp. (NASDAQ:CIDM) last announced its 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 had revenue of $28.20 million for the quarter, compared to analyst estimates 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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