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

Equities research analysts at StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Cinedigm Price Performance

Shares of CIDM opened at $0.82 on Wednesday. The firm’s 50 day moving average is $0.90 and its 200-day moving average is $1.21. The stock has a market capitalization of $153.35 million, a P/E ratio of -16.41 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.