Cinedigm (NASDAQ:CIDM) Now Covered by StockNews.com

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Cinedigm Price Performance

NASDAQ CIDM opened at $0.83 on Wednesday. The business has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.26. The company has a market capitalization of $155.14 million, a P/E ratio of -16.60 and a beta of 2.05. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79.

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.