GigaMedia (NASDAQ:GIGM) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGMGet Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Down 1.3 %

GigaMedia stock opened at $1.33 on Tuesday. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.56. The company’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.35. The company has a market cap of $14.64 million, a PE ratio of -3.58 and a beta of 0.39.

GigaMedia (NASDAQ:GIGMGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $0.73 million for the quarter. GigaMedia had a negative net margin of 109.81% and a negative return on equity of 8.94%.

GigaMedia Company Profile

(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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