Cinedigm (NASDAQ:CIDM) issued its quarterly earnings results on Sunday. The business services provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04), MarketWatch Earnings reports.
NASDAQ CIDM traded down $0.32 on Tuesday, hitting $1.59. The company had a trading volume of 202,888 shares, compared to its average volume of 22,312,465. The company’s fifty day moving average price is $1.38 and its 200-day moving average price is $0.88. The company has a market capitalization of $206.44 million, a PE ratio of -2.61 and a beta of 1.79. Cinedigm has a 12-month low of $0.25 and a 12-month high of $6.00.
CIDM has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $3.50 target price on shares of Cinedigm in a research note on Friday, January 29th. Alliance Global Partners raised their price target on Cinedigm from $2.00 to $3.00 and gave the company a “buy” rating in a research note on Thursday, January 21st.
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business.
Further Reading: Equity Income
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