Separately, Canaccord Genuity set a $3.00 price target on shares of Cinedigm and gave the stock a buy rating in a report on Wednesday, April 10th.
NASDAQ:CIDM opened at $1.40 on Tuesday. The firm has a market capitalization of $49.24 million, a price-to-earnings ratio of -1.73 and a beta of 1.73. Cinedigm has a 12 month low of $0.48 and a 12 month high of $2.06.
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.
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