Friday, June 19, 2015 5:31:38 PM
Brokerages Expect Cinedigm Corp to Announce ($0.08) Earnings Per Share (NASDAQ:CIDM)
Posted by Joseph Griffin on Jun 19th, 2015 /
Cinedigm Corp (NASDAQ:CIDM) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $2.38 for the company and are expecting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given Cinedigm Corp an industry rank of 194 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on CIDM. Analysts at B. Riley reiterated a “buy” rating and set a $2.50 price target on shares of Cinedigm Corp in a research note on Friday, May 1st. Separately, analysts at Macquarie upgraded shares of Cinedigm Corp from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $1.80 to $1.10 in a research note on Thursday, April 30th.
Shares of Cinedigm Corp (NASDAQ:CIDM) opened at 0.88 on Friday. Cinedigm Corp has a 52-week low of $0.77 and a 52-week high of $3.05. The stock has a 50-day moving average of $0. and a 200-day moving average of $1.. The company’s market cap is $68.74 million.
Cinedigm Corp., is a distributor of independent movie, television and other short form content managing a library of distribution rights to over 52,000 titles and episodes released across theatrical, digital, physical, home and mobile entertainment platforms and a servicer of digital cinema assets on over 12,000 movies screens in both North America and international countries.
To get a free copy of the research report on Cinedigm Corp (CIDM), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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