StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note published on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
NASDAQ GIGM opened at $1.36 on Wednesday. GigaMedia has a one year low of $1.23 and a one year high of $1.50. The company’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.32. The firm has a market capitalization of $15.03 million, a price-to-earnings ratio of -3.58 and a beta of 0.37.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.72 million for the quarter. GigaMedia had a negative return on equity of 9.33% and a negative net margin of 121.14%.
GigaMedia Company Profile
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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