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

StockNews.com started coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

Cinedigm Stock Performance

Shares of Cinedigm stock traded up $0.20 during trading hours on Friday, reaching $2.73. 300,228 shares of the company were exchanged, compared to its average volume of 710,288. The firm has a market cap of $510.28 million, a PE ratio of -50.60 and a beta of 2.05. Cinedigm has a 1 year low of $0.27 and a 1 year high of $0.79. The stock’s fifty day moving average is $1.40 and its 200 day moving average is $1.05.

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.