GigaMedia (NASDAQ:GIGM) Posts Quarterly Earnings Results

GigaMedia (NASDAQ:GIGM) posted its quarterly earnings data on Friday. The technology company reported ($0.04) earnings per share for the quarter, Zacks reports. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.

GigaMedia Stock Up 0.6 %

NASDAQ GIGM traded up $0.01 during midday trading on Friday, hitting $1.76. The company had a trading volume of 31,030 shares, compared to its average volume of 11,689. The firm has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $1.49. The stock has a market cap of $19.45 million, a price-to-earnings ratio of -4.89 and a beta of 0.39. GigaMedia has a fifty-two week low of $1.25 and a fifty-two week high of $1.80.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on GigaMedia in a report on Wednesday. They set a “sell” rating for the company.

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.