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

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

Cinedigm Trading Up 0.9 %

Shares of NASDAQ CIDM opened at $0.29 on Friday. Cinedigm has a 12-month low of $0.27 and a 12-month high of $0.79. The stock’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.25. The company has a market cap of $55.05 million, a price-to-earnings ratio of -19.01 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.