StockNews.com Initiates Coverage on Cinedigm (NASDAQ:CIDM)

Equities research analysts at StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

Cinedigm Price Performance

CIDM stock opened at $0.95 on Monday. The company has a market capitalization of $177.57 million, a PE ratio of -19.00 and a beta of 2.05. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79. The firm’s 50-day moving average is $1.36 and its 200 day moving average is $1.29.

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.