Cinedigm (NASDAQ:CIDM) released its earnings results on Sunday. The business services provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), MarketWatch Earnings reports.
NASDAQ CIDM traded down $0.32 during trading hours on Tuesday, hitting $1.59. 273,650 shares of the company’s stock traded hands, compared to its average volume of 22,312,465. Cinedigm has a 52-week low of $0.25 and a 52-week high of $6.00. The company has a market capitalization of $206.44 million, a PE ratio of -2.61 and a beta of 1.79. The firm’s 50-day moving average is $1.38 and its 200-day moving average is $0.88.
A number of analysts have recently commented on CIDM shares. Benchmark reissued a “buy” rating and set a $3.50 target price on shares of Cinedigm in a research note on Friday, January 29th. Alliance Global Partners upped their price objective on shares of Cinedigm from $2.00 to $3.00 and gave the company a “buy” rating in a research note on Thursday, January 21st.
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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