Initiates Coverage on Cinedigm (NASDAQ:CIDM) began coverage on shares of Cinedigm (NASDAQ:CIDMFree Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.

Cinedigm Trading Up 2.0 %

Shares of Cinedigm stock opened at $1.50 on Friday. The stock has a market capitalization of $280.37 million, a price-to-earnings ratio of -30.00 and a beta of 2.05. The firm’s 50-day moving average price is $1.36. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79.

About Cinedigm

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Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free, ad-supported streaming television (FAST) channels.

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