StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report report published on Thursday. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Price Performance
GIGM stock opened at $1.66 on Thursday. The stock has a market cap of $18.35 million, a price-to-earnings ratio of -4.61 and a beta of 0.35. The company has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.50. GigaMedia has a one year low of $1.26 and a one year high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings results on Friday, March 28th. The technology company reported ($0.04) EPS for the quarter. The company had revenue of $0.76 million during the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
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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