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

Research analysts at StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Cinedigm Trading Up 7.6 %

NASDAQ CIDM opened at $0.89 on Thursday. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79. The company has a 50 day moving average of $0.89 and a 200-day moving average of $1.19. The company has a market cap of $165.79 million, a price-to-earnings ratio of -17.74 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.