Equities research analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research report issued on Saturday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Stock Down 2.8 %
Shares of GIGM opened at $1.54 on Friday. The business has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $1.52. GigaMedia has a 52 week low of $1.26 and a 52 week high of $1.80. The stock has a market cap of $17.03 million, a price-to-earnings ratio of -4.28 and a beta of 0.35.
GigaMedia (NASDAQ:GIGM – Get Free Report) last released its earnings results on Friday, March 28th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The firm had revenue of $0.76 million during the quarter.
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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