StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Trading Down 1.3 %
GIGM stock opened at $1.54 on Friday. The stock’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.52. GigaMedia has a 12-month low of $1.26 and a 12-month high of $1.80. The firm has a market cap of $17.02 million, a P/E ratio of -4.28 and a beta of 0.35.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its earnings results on Friday, March 28th. The technology company reported ($0.04) earnings per share for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The business had revenue of $0.76 million for the quarter.
About GigaMedia
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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