Cinedigm - CIDM Stock Forecast, Price & News

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Konami, NFL, and NHL, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, Tubi, PlutoTV, Vudu, and cable/satellite video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 48,000 retail storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels and applications, including Docurama, CONtv, Dove Channel, Viewster Anime, Fandor, and Screambox; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels. Further, it provides monitoring, billing, collection, and verification support services to music and movie screens as well as directly to exhibitors and other third-party customers. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was incorporated in 2000 and is headquartered in New York, New York.

Cinedigm Trading Down 6.3 %

Shares of NASDAQ:CIDM traded down $0.04 during mid-day trading on Friday, reaching $0.59. The company had a trading volume of 18,560 shares, compared to its average volume of 1,041,339. Cinedigm has a 1-year low of $0.47 and a 1-year high of $2.95. The stock has a market cap of $105.13 million, a PE ratio of -12.00 and a beta of 1.75. The company has a 50-day moving average price of $0.58 and a two-hundred day moving average price of $0.68.

Cinedigm (NASDAQ:CIDM - Get Rating) last released its quarterly earnings results on Monday, June 27th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $16.85 million for the quarter. Cinedigm had a negative net margin of 17.46% and a negative return on equity of 24.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Cinedigm from a "hold" rating to a "sell" rating in a research report on Monday.