Cinedigm Corp. (CIDM) Trading Up 8.5%
Cinedigm Corp. (NASDAQ:CIDM)’s share price was up 8.5% on Friday . The company traded as high as $2.36 and last traded at $2.05, with a volume of 142,308 shares changing hands. The stock had previously closed at $1.89.
Separately, Zacks Investment Research downgraded shares of Cinedigm Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
The firm’s market capitalization is $17.68 million. The firm’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.97.
Cinedigm Corp. (NASDAQ:CIDM) last posted its earnings results on Thursday, July 14th. The company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.10. During the same quarter last year, the firm earned ($0.60) earnings per share. The business earned $28.20 million during the quarter, compared to the consensus estimate of $23.20 million. On average, analysts expect 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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