StockNews.com Initiates Coverage on Cinedigm (NASDAQ:CIDM)

Investment analysts at StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Cinedigm Stock Down 3.1 %

CIDM opened at $2.21 on Wednesday. The stock has a market capitalization of $413.08 million, a price-to-earnings ratio of -44.20 and a beta of 2.05. Cinedigm has a twelve month low of $0.27 and a twelve month high of $0.79. The company has a 50-day simple moving average of $1.03 and a 200 day simple moving average of $0.96.

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.