StockNews.com Initiates Coverage on GigaMedia (NASDAQ:GIGM)

Equities research analysts at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGMGet Free Report) in a report released on Thursday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of NASDAQ:GIGM remained flat at $1.40 during trading on Thursday. 2,883 shares of the stock were exchanged, compared to its average volume of 11,075. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.59. The business’s 50 day moving average is $1.30 and its two-hundred day moving average is $1.36. The stock has a market capitalization of $15.47 million, a PE ratio of -4.25 and a beta of 0.41.

GigaMedia (NASDAQ:GIGMGet Free Report) last issued its quarterly earnings results on Friday, March 29th. The technology company reported ($0.19) EPS for the quarter. The firm had revenue of $0.87 million for the quarter. GigaMedia had a negative net margin of 80.73% and a negative return on equity of 7.45%.

GigaMedia Company Profile

(Get Free Report)

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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