StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Up 0.7 %
Shares of GIGM stock opened at $1.35 on Friday. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.50. The firm’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.31. The stock has a market cap of $14.92 million, a price-to-earnings ratio of -3.65 and a beta of 0.37.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%. The business had revenue of $0.72 million for 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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