StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note published on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
NASDAQ:GIGM opened at $1.27 on Friday. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.56. The stock has a market capitalization of $14.04 million, a price-to-earnings ratio of -3.43 and a beta of 0.39. The firm has a fifty day simple moving average of $1.31 and a two-hundred day simple moving average of $1.33.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The technology company reported ($0.08) EPS for the quarter. GigaMedia had a negative net margin of 109.81% and a negative return on equity of 8.94%. The firm had revenue of $0.73 million during the quarter.
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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