BidaskClub upgraded shares of Cinedigm Corp (NASDAQ:CIDM) from a strong sell rating to a sell rating in a report released on Friday morning.

Separately, ValuEngine cut Cinedigm Corp from a sell rating to a strong sell rating in a report on Saturday, July 22nd.

Shares of Cinedigm Corp (NASDAQ CIDM) traded up $0.04 during trading hours on Friday, hitting $1.32. The stock had a trading volume of 4,106 shares, compared to its average volume of 193,012. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of -1.39. Cinedigm Corp has a twelve month low of $1.11 and a twelve month high of $3.00.

Cinedigm Corp (NASDAQ:CIDM) last announced its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.48) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.85) by $0.37. The business had revenue of $15.24 million during the quarter.

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A hedge fund recently raised its stake in Cinedigm Corp stock. Renaissance Technologies LLC boosted its position in Cinedigm Corp (NASDAQ:CIDM) by 35.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,040 shares of the business services provider’s stock after acquiring an additional 113,100 shares during the quarter. Renaissance Technologies LLC owned 4.10% of Cinedigm Corp worth $668,000 as of its most recent filing with the Securities and Exchange Commission. 8.71% of the stock is currently owned by institutional investors.

About Cinedigm Corp

Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.

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