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

StockNews.com began coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note published on Sunday. The brokerage issued a hold rating on the stock.

Cinedigm Price Performance

CIDM stock opened at $1.24 on Friday. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79. The business has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.29. The company has a market capitalization of $230.84 million, a P/E ratio of -24.70 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.