Cinedigm Corp Stock Rating Reaffirmed by B. Riley (CIDM)
Cinedigm Corp (NASDAQ:CIDM)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a research report issued to clients and investors on Thursday. They currently have a $3.00 price objective on the stock, down from their previous price objective of $3.25. B. Riley’s price target would indicate a potential upside of 28.21% from the stock’s previous close.
Shares of Cinedigm Corp (NASDAQ:CIDM) traded down 7.26% on Thursday, hitting $2.17. 212,790 shares of the company’s stock traded hands. 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 $2.39 and a 200-day moving average of $2.60. The company’s market cap is $166.2 million.
Cinedigm Corp (NASDAQ:CIDM) last announced its earnings results on Wednesday, August 13th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.10. The company had revenue of $22.90 million for the quarter, compared to the consensus estimate of $30.16 million. On average, analysts predict that Cinedigm Corp will post $-0.02 earnings per share for the current fiscal year.
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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