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

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

Cinedigm Stock Up 19.4 %

Shares of CIDM opened at $2.28 on Tuesday. The firm has a market cap of $426.17 million, a price-to-earnings ratio of -45.60 and a beta of 2.05. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79. The company’s fifty day moving average is $0.97 and its 200-day moving average is $0.95.

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.