StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research report issued on Saturday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia Stock Down 0.7 %
NASDAQ GIGM opened at $1.40 on Friday. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.50. The business’s fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.33. The firm has a market cap of $15.47 million, a PE ratio of -3.89 and a beta of 0.37.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.72 million for the quarter. GigaMedia had a negative return on equity of 9.13% and a negative net margin of 126.94%.
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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