GigaMedia (NASDAQ:GIGM) Now Covered by Analysts at

Analysts at initiated coverage on shares of GigaMedia (NASDAQ:GIGMGet Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

NASDAQ:GIGM opened at $1.37 on Tuesday. The stock has a 50 day simple moving average of $1.43 and a 200 day simple moving average of $1.42. GigaMedia has a 1-year low of $1.12 and a 1-year high of $1.89.

GigaMedia (NASDAQ:GIGMGet Free Report) last announced its quarterly earnings data on Monday, July 31st. The technology company reported ($0.05) earnings per share for the quarter. The company had revenue of $1.03 million during the quarter. GigaMedia had a negative net margin of 33.90% and a negative return on equity of 3.52%.

Hedge Funds Weigh In On GigaMedia

A hedge fund recently bought a new stake in GigaMedia stock. Susquehanna International Group LLP acquired a new stake in GigaMedia Limited (NASDAQ:GIGMFree Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 26,538 shares of the technology company’s stock, valued at approximately $38,000. Susquehanna International Group LLP owned approximately 0.24% of GigaMedia at the end of the most recent reporting period.

About GigaMedia

(Get Free Report)

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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