Research analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a report issued on Thursday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Stock Performance
Shares of GigaMedia stock opened at $1.30 on Thursday. The business’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.34. The firm has a market capitalization of $14.37 million, a P/E ratio of -3.51 and a beta of 0.39. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.56.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The technology company reported ($0.08) EPS for the quarter. GigaMedia had a negative return on equity of 8.94% and a negative net margin of 109.81%. The business had revenue of $0.73 million for the quarter.
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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