Cinedigm (NASDAQ:CIDM) posted its earnings results on Monday. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), MarketWatch Earnings reports.
Shares of CIDM traded down $0.40 during mid-day trading on Tuesday, hitting $1.51. 168,873 shares of the company’s stock were exchanged, 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 50-day simple moving average of $1.38 and a 200 day simple moving average of $0.88. The company has a market cap of $196.05 million, a PE ratio of -2.61 and a beta of 1.79.
A number of analysts recently issued reports on the company. 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 raised their price target on shares of Cinedigm from $2.00 to $3.00 and gave the stock 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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