GigaMedia Limited (NASDAQ:GIGM – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 8 shares, a drop of 94.7% from the October 15th total of 152 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,791 shares, the short-interest ratio is presently 0.0 days.
GigaMedia Stock Up 0.4%
Shares of GigaMedia stock traded up $0.01 on Wednesday, hitting $1.39. The stock had a trading volume of 19,923 shares, compared to its average volume of 10,866. GigaMedia has a one year low of $1.11 and a one year high of $1.63. The stock’s 50-day simple moving average is $1.34 and its two-hundred day simple moving average is $1.43. The stock has a market cap of $15.31 million, a price-to-earnings ratio of 17.31 and a beta of 0.41.
GigaMedia (NASDAQ:GIGM – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $3.16 million for the quarter. GigaMedia had a net margin of 12.95% and a negative return on equity of 0.25%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GigaMedia in a research note on Tuesday, November 3rd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
GigaMedia Company Profile
GigaMedia Limited (NASDAQ: GIGM) is an online games and entertainment company focused primarily on markets in Greater China and Southeast Asia. Through its online entertainment platforms, the company provides casual and social games, including mahjong, poker, card and other multiplayer titles designed for play on computers and mobile devices. The company operates the FunTown brand, which has historically served users in Taiwan and other Asian markets. Its services are generally supported by digital distribution and online platform features, including account management, virtual goods and other forms of in-game entertainment.
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