BidaskClub Upgrades Cinedigm Corp (CIDM) to “Sell”

Cinedigm Corp (NASDAQ:CIDM) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

Separately, ValuEngine lowered shares of Cinedigm Corp from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 3rd.

Cinedigm Corp (NASDAQ:CIDM) traded down $0.10 during mid-day trading on Friday, hitting $1.28. 41,529 shares of the stock were exchanged, compared to its average volume of 191,573. The company has a debt-to-equity ratio of -1.39, a current ratio of 0.77 and a quick ratio of 0.76. Cinedigm Corp has a 52-week low of $1.11 and a 52-week high of $3.00.

Cinedigm Corp (NASDAQ:CIDM) last posted its earnings results on Monday, August 14th. The business services provider reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.37. The company had revenue of $15.24 million during the quarter.

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An institutional investor recently raised its position in Cinedigm Corp stock. Renaissance Technologies LLC boosted its holdings in Cinedigm Corp (NASDAQ:CIDM) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,040 shares of the business services provider’s stock after buying an additional 113,100 shares during the quarter. Renaissance Technologies LLC owned approximately 4.10% of Cinedigm Corp worth $668,000 at the end of the most recent reporting period. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cinedigm Corp Company Profile

Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.

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