Cinedigm Corp (NASDAQ:CIDM - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.84 and last traded at $2.74, with a volume of 405093 shares. The stock had previously closed at $2.65.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Cinedigm in a research report on Thursday. They set a "hold" rating on the stock.
Read Our Latest Stock Analysis on CIDM
Cinedigm Stock Up 3.4 %
The company's fifty day moving average price is $1.26 and its two-hundred day moving average price is $1.01. The company has a market cap of $512.15 million, a price-to-earnings ratio of -54.80 and a beta of 2.05.
Cinedigm Company Profile
(
Get Free Report)
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.
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