Research analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Rating) in a report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia stock opened at $1.57 on Wednesday. The company has a market capitalization of $17.35 million, a P/E ratio of -4.62 and a beta of 0.23. The stock’s 50 day moving average is $1.64 and its 200 day moving average is $1.90. GigaMedia has a twelve month low of $1.49 and a twelve month high of $3.34.
GigaMedia (NASDAQ:GIGM – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The technology company reported ($0.10) earnings per share for the quarter. GigaMedia had a negative return on equity of 7.09% and a negative net margin of 65.36%. The company had revenue of $1.55 million during the quarter.
About GigaMedia (Get Rating)
GigaMedia Limited provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through -branded platform. It 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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