StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report released on Thursday. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Up 0.1 %
Shares of NASDAQ:GIGM opened at $1.40 on Thursday. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.59. The company has a market cap of $15.47 million, a PE ratio of -3.78 and a beta of 0.41. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.36.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings data on Friday, March 29th. The technology company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $0.87 million during the quarter. GigaMedia had a negative return on equity of 7.45% and a negative net margin of 80.73%.
About GigaMedia
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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