GigaMedia (NASDAQ:GIGM – Get Free Report) released its quarterly earnings results on Monday. The technology company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.75 million during the quarter. GigaMedia had a negative return on equity of 3.91% and a negative net margin of 43.58%.
GigaMedia Price Performance
Shares of NASDAQ GIGM opened at $1.45 on Monday. The company has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.52. The company has a market capitalization of $16.01 million, a P/E ratio of -11.15 and a beta of 0.48. GigaMedia has a 1 year low of $1.31 and a 1 year high of $1.89.
Institutional Investors Weigh In On GigaMedia
A hedge fund recently raised its stake in GigaMedia stock. Osaic Holdings Inc. increased its position in shares of GigaMedia Limited (NASDAQ:GIGM – Free Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,871 shares of the technology company’s stock after purchasing an additional 16,138 shares during the period. Osaic Holdings Inc. owned 1.72% of GigaMedia worth $283,000 at the end of the most recent quarter. 13.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Read Our Latest Research Report on GIGM
GigaMedia Company Profile
GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value?added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role?playing adventures to strategy and social games.
In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.
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