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Cinedigm (CIDM) in Focus: Stock Tumbles 8.6%

Zacks Equity Research

Cinedigm Corp. (CIDM) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CIDM, as the stock is now up over 8% in the past one-month time frame.

The entertainment business services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CIDM currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Business Services sector include Avis Budget Group, Inc. (CAR), ExamWorks Group, Inc. (EXAM) and RPX Corporation (RPXC). While Avis Budget Group carry a Zacks Rank #1 (Strong Buy), ExamWorks and RPX Corp hold a Zacks Rank #2 (Buy).

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CINEDIGM CORP CL A (CIDM): Free Stock Analysis Report

AVIS BUDGET GROUP INC (CAR): Free Stock Analysis Report

EXAMWORKS GROUP INC (EXAM): Free Stock Analysis Report

RPX CORP (RPXC): Free Stock Analysis Report

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