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

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note published on Monday. The firm issued a hold rating on the stock.

Cinedigm Trading Down 14.6 %

Shares of NASDAQ:CIDM opened at $0.81 on Monday. Cinedigm has a 1 year low of $0.27 and a 1 year high of $0.79. The business has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.29. The firm has a market cap of $150.86 million, a price-to-earnings ratio of -16.14 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.