StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a report released on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Stock Performance
GIGM opened at $1.29 on Wednesday. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.56. The stock’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.35. The stock has a market cap of $14.25 million, a PE ratio of -3.49 and a beta of 0.39.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The technology company reported ($0.08) EPS for the quarter. GigaMedia had a negative net margin of 109.81% and a negative return on equity of 8.94%. The firm had revenue of $0.73 million during the quarter.
About GigaMedia
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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