Cineverse (NASDAQ:CNVS) Stock Price Up 2%

Shares of Cineverse Corp. (NASDAQ:CNVS) shot up 2% during mid-day trading on Wednesday . The company traded as high as $1.04 and last traded at $1.04. 54,021 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 449,644 shares. The stock had previously closed at $1.02.

Cineverse Stock Up 2.0 %

The company has a market cap of $13.86 million, a P/E ratio of -1.06 and a beta of 1.49. The company has a fifty day moving average of $1.13 and a 200 day moving average of $1.25.

Hedge Funds Weigh In On Cineverse

An institutional investor recently bought a new position in Cineverse stock. Leavell Investment Management Inc. purchased a new position in shares of Cineverse Corp. (NASDAQ:CNVS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 41,968 shares of the company’s stock, valued at approximately $57,000. Leavell Investment Management Inc. owned about 0.33% of Cineverse at the end of the most recent reporting period. 8.19% of the stock is currently owned by institutional investors and hedge funds.

About Cineverse

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.