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

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

Cinedigm Price Performance

Shares of Cinedigm stock opened at $0.29 on Friday. The stock has a market capitalization of $55.05 million, a P/E ratio of -16.20 and a beta of 2.05. Cinedigm has a one year low of $0.27 and a one year high of $0.79. The business’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $0.96.

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.