Somewhat Positive Press Coverage Somewhat Likely to Affect Cinedigm Corp (CIDM) Stock Price

Media coverage about Cinedigm Corp (NASDAQ:CIDM) has trended somewhat positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cinedigm Corp earned a news impact score of 0.04 on Alpha One’s scale. Alpha One also gave media headlines about the business services provider an impact score of 56 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next several days.

Shares of Cinedigm Corp (NASDAQ:CIDM) traded down 2.61% during trading on Friday, hitting $1.45. The company had a trading volume of 9,366 shares. The company’s market capitalization is $15.26 million. The stock’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.53. Cinedigm Corp has a 52 week low of $0.90 and a 52 week high of $2.70.

Cinedigm Corp (NASDAQ:CIDM) last issued its earnings results on Tuesday, February 14th. The business services provider reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.11. The firm had revenue of $24.45 million for the quarter, compared to the consensus estimate of $30.71 million. On average, equities research analysts forecast that Cinedigm Corp will post ($3.05) earnings per share for the current year.

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In related news, Director Zvi Michael Rhine purchased 20,000 shares of Cinedigm Corp stock in a transaction dated Monday, March 6th. The stock was purchased at an average cost of $1.51 per share, with a total value of $30,200.00. Following the transaction, the director now owns 73,119 shares in the company, valued at approximately $110,409.69. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 27.30% 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 a range of titles and episodes released across various platforms. The Company’s segments include the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment).

5 Day Chart for NASDAQ:CIDM

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