Equities researchers at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research note issued on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Stock Performance
NASDAQ:GIGM opened at $1.60 on Tuesday. The company has a market capitalization of $17.68 million, a price-to-earnings ratio of -4.44 and a beta of 0.37. GigaMedia has a one year low of $1.23 and a one year high of $1.80. The stock has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.41.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $0.77 million during the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
GigaMedia Company Profile
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.
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