Equities research analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research note issued on Saturday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Price Performance
Shares of GIGM opened at $1.31 on Friday. The firm has a market capitalization of $14.48 million, a PE ratio of -3.54 and a beta of 0.37. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.50. The company’s fifty day moving average price is $1.31 and its 200-day moving average price is $1.31.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%. The business had revenue of $0.72 million during the quarter.
GigaMedia Company Profile
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
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