GigaMedia Limited (NASDAQ:GIGM) shares rose 8.1% during mid-day trading on Wednesday . The company traded as high as $3.47 and last traded at $3.47. Approximately 117,928 shares were traded during mid-day trading, an increase of 142% from the average daily volume of 48,741 shares. The stock had previously closed at $3.21.
The stock has a fifty day moving average price of $3.02 and a 200-day moving average price of $2.90. The firm has a market capitalization of $38.35 million, a price-to-earnings ratio of -34.70 and a beta of 0.12.
GigaMedia (NASDAQ:GIGM) last released its quarterly earnings results on Friday, October 30th. The technology company reported ($0.02) earnings per share for the quarter. GigaMedia had a negative net margin of 15.83% and a negative return on equity of 1.85%. The business had revenue of $2.03 million for the quarter.
GigaMedia Company Profile (NASDAQ:GIGM)
GigaMedia Limited provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through -branded platform. It 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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