StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a note issued to investors on Wednesday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia Stock Up 1.0 %
GigaMedia stock opened at $1.54 on Wednesday. The company’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.42. The stock has a market cap of $16.96 million, a P/E ratio of -4.26 and a beta of 0.37. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported ($0.03) earnings per share for the quarter. The firm had revenue of $0.77 million for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
GigaMedia Company Profile
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.
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