The stock of Cinedigm Corp (NASDAQ:CIDM) is a huge mover today! About 387,282 shares traded hands or 609.59% up from the average. Cinedigm Corp (NASDAQ:CIDM) has declined 21.67% since March 7, 2016 and is downtrending. It has underperformed by 29.26% the S&P500.
The move comes after 9 months positive chart setup for the $24.67 million company. It was reported on Oct, 10 by Barchart.com. We have $3.37 PT which if reached, will make NASDAQ:CIDM worth $7.89M more.
Analysts await Cinedigm Corp (NASDAQ:CIDM) to report earnings on November, 14. They expect $-0.58 EPS, up 63.75% or $1.02 from last year’s $-1.6 per share. After $-0.70 actual EPS reported by Cinedigm Corp for the previous quarter, Wall Street now forecasts -17.14% EPS growth.
According to Zacks Investment Research, “Cinedigm Corp. is a digital cinema services, software and content marketing and distribution company. The Company provides a digital cinema platform that combines technology solutions, financial advice and guidance, and software services to content owners and distributors and to movie exhibitors. Cinedigm Corp., formerly known as Cinedigm Digital Cinema Corp., is based in New York.”
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.90, from 0.9 in 2016Q1. The ratio worsened, as 26 funds sold all Cinedigm Corp shares owned while 1 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 102,278 shares or 98.86% less from 8.96 million shares in 2016Q1.
Matrix Asset Advsrs Inc Ny accumulated 0% or 12,365 shares. Huntington Bank has invested 0% of its portfolio in Cinedigm Corp (NASDAQ:CIDM).
More recent Cinedigm Corp (NASDAQ:CIDM) news were published by: Businesswire.com which released: “Cinedigm Corp. Announces 1-for-10 Reverse Stock Split” on May 09, 2016. Also Businesswire.com published the news titled: “Cinedigm Corp. Raises Additional Capital through Second Lien Loans” on September 19, 2016. Businesswire.com‘s news article titled: “Cinedigm Corp. Regains Compliance with NASDAQ Listing Requirements” with publication date: May 26, 2016 was also an interesting one.
CIDM Company Profile
Cinedigm Corp., incorporated on March 31, 2000, 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 digital, physical, and home and mobile entertainment platforms. As of March 31, 2016, the Company was a servicer of digital cinema assets on over 12,000 domestic and foreign movie screens. The Firm operates through four divisions: 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). The Phase I Deployment and Phase II Deployment divisions are the non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres throughout the United States and Canada, and in Australia and New Zealand. As of March 31, 2016, the Company’s Services segment provided fee support to over 12,000 movie screens in its Phase I Deployment and Phase II Deployment divisions, as well as directly to exhibitors and other third-party customers. The Company’s Content & Entertainment segment is engaged in ancillary market aggregation and distribution of entertainment content, and branded and curated over-the-top (OTT) digital network business providing entertainment channels and applications.
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