Cinedigm (NASDAQ:CIDM) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Cinedigm Trading Down 1.9 %

Shares of CIDM stock opened at $0.79 on Tuesday. The company has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.27. The stock has a market cap of $146.73 million, a P/E ratio of -15.70 and a beta of 2.05. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79.

Cinedigm Company Profile

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.