Cinedigm (NASDAQ:CIDM) announced its earnings results on Tuesday. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Bloomberg Earnings reports. The business had revenue of $13.08 million for the quarter, compared to the consensus estimate of $12.50 million.
NASDAQ CIDM opened at $1.43 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of -2.44. The company has a market capitalization of $53.31 million, a PE ratio of -1.77 and a beta of 0.27. Cinedigm has a 52-week low of $1.11 and a 52-week high of $1.81.
Separately, ValuEngine raised shares of Cinedigm from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.
Further Reading: Earnings Per Share (EPS) Explained
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