Cinedigm (NASDAQ:CIDM) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

Cinedigm Trading Up 1.0 %

Shares of CIDM stock traded up $0.01 during midday trading on Friday, reaching $1.00. 49,799 shares of the stock were exchanged, compared to its average volume of 710,288. Cinedigm has a 1 year low of $0.27 and a 1 year high of $0.79. The company’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.25. The firm has a market cap of $186.90 million, a PE ratio of -20.00 and a beta of 2.05.

About Cinedigm

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.