Cinedigm Digital Cinema Upgraded to “Outperform” at Zacks (CIDM)
Cinedigm Digital Cinema (NASDAQ:CIDM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Analyst RN reports. The firm currently has a $3.00 target price on the stock. Zacks‘ target price indicates a potential upside of 8.30% from the stock’s current price.
Cinedigm Digital Cinema (NASDAQ:CIDM) traded up 5.42% during mid-day trading on Tuesday, hitting $2.92. The stock had a trading volume of 691,902 shares. Cinedigm Digital Cinema has a 1-year low of $1.25 and a 1-year high of $3.06. The stock’s 50-day moving average is $2.46 and its 200-day moving average is $1.89. The company’s market cap is $188.0 million.
Cinedigm Digital Cinema (NASDAQ:CIDM) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $34.90 million for the quarter, compared to the consensus estimate of $37.36 million. Analysts expect that Cinedigm Digital Cinema will post $-0.30 EPS for the current fiscal year.
Cinedigm Digital Cinema Corp. (NASDAQ:CIDM), formerly Access Integrated Technologies, Inc, is a digital cinema services, specialty finance and content distribution company driving the conversion of the exhibition industry from film to digital technology.
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