StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report issued on Wednesday. The firm issued a sell rating on the technology company’s stock.
GigaMedia Price Performance
Shares of NASDAQ GIGM opened at $1.76 on Wednesday. GigaMedia has a 1 year low of $1.25 and a 1 year high of $1.80. The firm has a 50-day simple moving average of $1.57 and a two-hundred day simple moving average of $1.49. The company has a market cap of $19.45 million, a P/E ratio of -4.89 and a beta of 0.39.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
GigaMedia Company Profile
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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