StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report released on Tuesday. The firm issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
NASDAQ GIGM opened at $1.64 on Tuesday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.80. The company has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.41. The company has a market capitalization of $18.07 million, a PE ratio of -4.54 and a beta of 0.37.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The company had revenue of $0.77 million for the quarter.
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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