GigaMedia (NASDAQ:GIGM) Issues Earnings Results

GigaMedia (NASDAQ:GIGM) released its quarterly earnings results on Friday. The technology company reported ($0.04) earnings per share for the quarter, Zacks reports. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.

GigaMedia Stock Up 0.6 %

GigaMedia stock traded up $0.01 during midday trading on Friday, reaching $1.76. 31,030 shares of the stock traded hands, compared to its average volume of 11,689. The stock’s fifty day moving average is $1.57 and its 200-day moving average is $1.49. GigaMedia has a 12 month low of $1.25 and a 12 month high of $1.80. The stock has a market cap of $19.45 million, a P/E ratio of -4.89 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on GigaMedia in a report on Wednesday. They set a “sell” rating for the company.

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.