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

StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a report released on Sunday. The firm set a “hold” rating on the stock.

Cinedigm Stock Performance

Shares of NASDAQ:CIDM opened at $1.23 on Friday. Cinedigm has a 52 week low of $0.27 and a 52 week high of $0.79. The company’s fifty day moving average is $1.40 and its 200-day moving average is $1.29. The company has a market capitalization of $229.91 million, a PE ratio of -24.60 and a beta of 2.05.

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.