StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Get Rating) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the technology company’s stock.
Shares of GIGM opened at $1.61 on Friday. The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $2.02. GigaMedia has a 52-week low of $1.49 and a 52-week high of $3.34. The firm has a market cap of $17.79 million, a price-to-earnings ratio of -4.74 and a beta of 0.23.
GigaMedia (NASDAQ:GIGM – Get Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported ($0.10) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 65.36% and a negative return on equity of 7.09%. The business had revenue of $1.55 million during the quarter.
GigaMedia Company Profile (Get Rating)
GigaMedia Limited provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through -branded platform. It 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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