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

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

Cinedigm Stock Performance

Cinedigm stock opened at $1.14 on Monday. The stock has a market cap of $213.08 million, a PE ratio of -22.80 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 firm’s 50-day simple moving average is $1.37 and its 200 day simple moving average is $1.29.

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.