Separately, Canaccord Genuity set a $3.00 price objective on shares of Cinedigm and gave the company a “buy” rating in a research report on Friday, July 19th.
Shares of CIDM traded up $0.06 during trading hours on Thursday, hitting $1.12. The company had a trading volume of 9,434 shares, compared to its average volume of 28,671. The stock has a fifty day moving average price of $1.28. 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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