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

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Cinedigm Trading Up 0.9 %

Shares of CIDM opened at $0.29 on Friday. The firm’s 50-day moving average price is $0.82 and its 200-day moving average price is $0.96. The firm has a market capitalization of $55.05 million, a price-to-earnings ratio of -16.20 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.