Cinedigm Corp (CIDM) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Cinedigm Corp (NASDAQ:CIDM) issued its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.06, Stock Ratings Network reports.
Shares of Cinedigm Corp (NASDAQ:CIDM) traded down 0.34% on Wednesday, hitting $2.90. The stock had a trading volume of 345,795 shares. Cinedigm Corp has a 52-week low of $1.25 and a 52-week high of $3.25. The stock’s 50-day moving average is $2.54 and its 200-day moving average is $2.55. The company’s market cap is $187.2 million.
On a related note, analysts at Piper Jaffray initiated coverage on shares of Cinedigm Corp in a research note on Monday, March 31st. They set an “overweight” rating and a $4.50 price target on the stock.
Cinedigm Corp., formerly Cinedigm Digital Cinema Corp. (NASDAQ:CIDM) is a digital cinema services, software and content marketing and distribution company supporting and capitalizing on the conversion of the exhibition industry from film to digital technology.
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