GigaMedia (NASDAQ:GIGM) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGMFree Report) in a research report released on Tuesday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Down 2.2 %

Shares of GigaMedia stock opened at $1.33 on Tuesday. The firm has a market cap of $14.64 million, a PE ratio of -3.58 and a beta of 0.39. The business has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.35. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.56.

GigaMedia (NASDAQ:GIGMGet Free Report) last announced its earnings results on Friday, May 3rd. The technology company reported ($0.08) earnings per share 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.

About GigaMedia

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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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