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

StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a report published on Monday. The brokerage issued a hold rating on the stock.

Cinedigm Stock Performance

Shares of CIDM opened at $0.81 on Monday. The stock has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.29. The firm has a market capitalization of $150.86 million, a P/E ratio of -16.14 and a beta of 2.05. Cinedigm has a 52 week low of $0.27 and a 52 week high of $0.79.

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.