StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report released on Sunday morning. The firm issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
GigaMedia stock opened at $1.34 on Friday. The stock has a 50-day moving average price of $1.31 and a 200 day moving average price of $1.31. The stock has a market cap of $14.81 million, a PE ratio of -3.62 and a beta of 0.37. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.50.
GigaMedia (NASDAQ:GIGM – Get Free Report) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%. The company had revenue of $0.72 million during the quarter.
GigaMedia Company Profile
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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