StockNews.com Begins Coverage on GigaMedia (NASDAQ:GIGM)

Equities research analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a report released on Wednesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of GIGM opened at $1.29 on Wednesday. The company’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.35. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.56. The company has a market capitalization of $14.25 million, a PE ratio of -3.49 and a beta of 0.39.

GigaMedia (NASDAQ:GIGM) 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 company had revenue of $0.73 million for 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.