StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report published on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Down 2.9 %
GIGM opened at $1.33 on Wednesday. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.36. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.62. The firm has a market cap of $14.70 million, a price-to-earnings ratio of -4.16 and a beta of 0.43.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings results on Friday, March 29th. The technology company reported ($0.19) earnings per share for the quarter. The company had revenue of $0.87 million for the quarter. GigaMedia had a negative return on equity of 7.45% and a negative net margin of 80.73%.
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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