Cinedigm Corp (NASDAQ:CIDM) Upgraded by BidaskClub to Sell

Cinedigm Corp (NASDAQ:CIDM) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, November 3rd.

Separately, ValuEngine upgraded Cinedigm Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

Shares of Cinedigm Corp (CIDM) traded up $0.01 during midday trading on Friday, hitting $1.34. The stock had a trading volume of 19,300 shares, compared to its average volume of 151,633. Cinedigm Corp has a 12-month low of $1.11 and a 12-month high of $3.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of -1.39.

Cinedigm Corp (NASDAQ:CIDM) last posted its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.37. The firm had revenue of $15.24 million during the quarter.

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An institutional investor recently raised its position in Cinedigm Corp stock. SG Americas Securities LLC grew its stake in shares of Cinedigm Corp (NASDAQ:CIDM) by 45.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 329,798 shares of the business services provider’s stock after acquiring an additional 103,042 shares during the period. SG Americas Securities LLC owned 2.41% of Cinedigm Corp worth $478,000 at the end of the most recent reporting period. Institutional investors own 9.47% of the company’s stock.

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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