Analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia Stock Down 1.3 %
GIGM stock opened at $1.58 on Wednesday. The company has a market cap of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.37. The business has a fifty day simple moving average of $1.53 and a 200-day simple moving average of $1.42. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $0.77 million for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
About GigaMedia
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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