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

StockNews.com started coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Cinedigm Stock Performance

CIDM stock opened at $0.29 on Thursday. The company has a fifty day moving average of $1.26 and a 200-day moving average of $1.01. Cinedigm has a one year low of $0.27 and a one year high of $0.79. The stock has a market capitalization of $55.05 million, a PE ratio of -53.00 and a beta of 2.05.

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.