Stock analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Trading Down 3.5 %
Shares of NASDAQ:GIGM opened at $1.34 on Friday. The company has a market cap of $14.81 million, a price-to-earnings ratio of -3.62 and a beta of 0.41. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.56. The company has a 50-day moving average price of $1.31 and a 200 day moving average price of $1.36.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings data on Friday, March 29th. The technology company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $0.87 million during the quarter. GigaMedia had a negative net margin of 109.81% and a negative return on equity of 8.78%.
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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