GigaMedia (NASDAQ:GIGM) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GigaMedia stock opened at $1.45 on Tuesday. The business has a 50-day moving average of $1.58 and a 200 day moving average of $1.54. GigaMedia has a 12 month low of $1.26 and a 12 month high of $1.80. The stock has a market capitalization of $16.03 million, a price-to-earnings ratio of -4.03 and a beta of 0.36.

GigaMedia (NASDAQ:GIGM) last announced its earnings results on Monday, May 5th. The technology company reported ($0.06) EPS for the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%. The firm had revenue of $0.86 million for 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.