Cinedigm Corp (CIDM) Posts Quarterly Results
Cinedigm Corp (NASDAQ:CIDM) posted its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.10, Analyst Ratings.Net reports. The company had revenue of $22.90 million for the quarter, compared to the consensus estimate of $30.16 million.
On the ratings front, analysts at B. Riley cut their price target on shares of Cinedigm Corp from $3.50 to $3.25 in a research note on Friday, June 27th. They now have a “buy” rating on the stock.
Cinedigm Corp (NASDAQ:CIDM) traded up 3.54% during mid-day trading on Wednesday, hitting $2.34. The stock had a trading volume of 223,682 shares. Cinedigm Corp has a 52-week low of $1.39 and a 52-week high of $3.25. The stock has a 50-day moving average of $2.40 and a 200-day moving average of $2.60. The company’s market cap is $179.3 million.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.