Equities research analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research note issued on Friday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia Stock Down 0.7 %
Shares of NASDAQ GIGM opened at $1.35 on Friday. The firm has a market cap of $14.92 million, a P/E ratio of -3.65 and a beta of 0.37. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.50. The company has a 50 day moving average of $1.35 and a 200 day moving average of $1.33.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted 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 during 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, 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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