Cinedigm Corp(NASDAQ:CIDM) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.07.
Cinedigm Corp (CIDM) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -8.39% at a volume of 2,51,761. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.56. The peak price level was also seen at $1.56 while the days lowest was $1.41. Finally the shares closed at $1.42. The 52-week high of the shares is $3.201 while the 52-week low is $0.9. According to the latest information available, the market cap of the company is $15 M.
Several Insider Transactions has been reported to the SEC. On Dec 29, 2016, Zvi Michael Rhine (director) purchased 23,000 shares at $1.40 per share price.Also, On Oct 26, 2016, Ronald L Chez (director 10% owner) sold 4,900 shares at $0.00 per share price.On Oct 26, 2016, Pat O’brien (director) purchased 4,900 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Cinedigm Corp. is a distributor and aggregator of independent movie television and other short form content. The Company operates in four segments: 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 or CEG). The Phase I Deployment and Phase II Deployment segments are the non-recourse financing vehicles and administrators for its digital cinema equipment installed in movie theatres. CEG focuses its activities in the areas of ancillary market aggregation and distribution of entertainment content; and branded and curated over-the-top digital network business. The Company’s Services segment provides fee-based support movie screens in its Phase I Deployment and Phase II Deployment segments in the form of monitoring billing collection and verification services.