Cinedigm Corp. (CIDM) saw a big move in the last trading session, as the company’s shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as the stock is now trading within the volatile price range of $2.76 to $3.17 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company, which is engaged in digital cinema, software, and content marketing and distribution businesses, has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CIDM currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Business Services industry may consider better-ranked stocks like JTH Holding, Inc. (TAX), Odyssey Marine Exploration Inc. (OMEX) and SouFun Holdings Ltd. (SFUN). All these stocks hold a Zacks Rank #1 (Strong Buy).
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CINEDIGM CORP CL A (CIDM): Free Stock Analysis Report
ODYSSEY MARINE EXPLORATION INC (OMEX): Free Stock Analysis Report
JTH HOLDING CL A D/B/A LIBERTY T (TAX): Free Stock Analysis Report
SOUFUN HOLDINGS LTD (SFUN): Free Stock Analysis Report
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