Equities research analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a note issued to investors on Wednesday. The firm set a “sell” rating on the technology company’s stock.
GigaMedia Stock Performance
Shares of GIGM opened at $1.37 on Wednesday. The firm has a market cap of $15.09 million, a P/E ratio of -3.69 and a beta of 0.37. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.50. The firm’s 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.32.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter. The firm had revenue of $0.72 million during the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%.
About GigaMedia
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.
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