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

StockNews.com assumed coverage on shares of Cinedigm (NASDAQ:CIDM) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.

Cinedigm Stock Performance

CIDM stock opened at $0.29 on Friday. The company has a market capitalization of $55.05 million, a price-to-earnings ratio of -20.00 and a beta of 2.05. Cinedigm has a fifty-two week low of $0.27 and a fifty-two week high of $0.79. The stock has a fifty day moving average of $1.13 and a 200-day moving average of $1.26.

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.