Cinedigm (NASDAQ:CIDM) Issues Earnings Results

Cinedigm (NASDAQ:CIDM) issued its quarterly earnings data on Sunday. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04), MarketWatch Earnings reports.

NASDAQ CIDM traded down $0.34 on Tuesday, hitting $1.57. The stock had a trading volume of 425,328 shares, 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 $203.84 million, a price-to-earnings ratio of -2.73 and a beta of 1.79. The firm has a 50-day moving average of $1.38 and a 200-day moving average of $0.88.

A number of brokerages have issued reports on CIDM. Alliance Global Partners upped their price objective on shares of Cinedigm from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Cinedigm in a research report on Friday, January 29th.

About Cinedigm

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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Earnings History for Cinedigm (NASDAQ:CIDM)

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