GigaMedia (NASDAQ:GIGM – Get Free Report) announced its quarterly earnings data on Friday. The technology company reported ($0.04) earnings per share for the quarter, Zacks reports. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The business had revenue of $0.76 million for the quarter.
GigaMedia Price Performance
Shares of GigaMedia stock opened at $1.76 on Friday. The company’s 50 day moving average price is $1.57 and its two-hundred day moving average price is $1.50. The firm has a market capitalization of $19.45 million, a P/E ratio of -4.89 and a beta of 0.39. GigaMedia has a fifty-two week low of $1.25 and a fifty-two week high of $1.80.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of GigaMedia in a report on Wednesday. They issued a “sell” rating for the company.
About GigaMedia
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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