Cinedigm (NASDAQ:CIDM) issued its quarterly earnings data on Sunday. The business services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), MarketWatch Earnings reports.
Shares of NASDAQ:CIDM traded down $0.34 during trading on Tuesday, reaching $1.57. The stock had a trading volume of 20,707,300 shares, compared to its average volume of 22,312,738. The business has a fifty day moving average price of $1.38 and a 200-day moving average price of $0.88. The stock has a market cap of $203.84 million, a PE ratio of -2.73 and a beta of 1.79. Cinedigm has a 1-year low of $0.25 and a 1-year high of $6.00.
Several brokerages have recently issued reports on CIDM. Alliance Global Partners raised their price objective on Cinedigm from $2.00 to $3.00 and gave the stock a “buy” rating in a research note on Thursday, January 21st. Benchmark restated a “buy” rating and issued a $3.50 price objective on shares of Cinedigm in a research note on Friday, January 29th.
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.
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