ValuEngine lowered shares of Cinedigm Corp (NASDAQ:CIDM) from a sell rating to a strong sell rating in a research report released on Tuesday morning.

Cinedigm Corp (NASDAQ CIDM) traded down 0.69% during trading on Tuesday, reaching $1.44. 8,573 shares of the company’s stock were exchanged. The firm’s market cap is $19.67 million. Cinedigm Corp has a 12 month low of $1.20 and a 12 month high of $2.67. The firm’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.58.

Cinedigm Corp (NASDAQ:CIDM) last announced its earnings results on Monday, August 14th. The business services provider reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.37. The business had revenue of $15.24 million for the quarter. On average, equities research analysts anticipate that Cinedigm Corp will post ($3.05) EPS for the current year.

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A hedge fund recently raised its stake in Cinedigm Corp stock. SG Americas Securities LLC grew its holdings in shares of Cinedigm Corp (NASDAQ:CIDM) by 150.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,305 shares of the business services provider’s stock after purchasing an additional 136,600 shares during the quarter. SG Americas Securities LLC owned approximately 2.16% of Cinedigm Corp worth $352,000 at the end of the most recent reporting period. Institutional investors own 8.69% of the company’s stock.

About Cinedigm Corp

Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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