GigaMedia Limited (NASDAQ:GIGM – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $1.35 and traded as high as $1.45. GigaMedia shares last traded at $1.41, with a volume of 95,551 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of GigaMedia from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, GigaMedia currently has an average rating of “Sell”.
Read Our Latest Report on GigaMedia
GigaMedia Price Performance
The firm has a market capitalization of $15.58 million, a price-to-earnings ratio of -7.83 and a beta of 0.44. The stock has a fifty day moving average of $1.35 and a two-hundred day moving average of $1.43.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its earnings results on Friday, October 30th. The technology company reported $0.17 earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 5.36% and a negative net margin of 43.36%. The business had revenue of $3.16 million during the quarter.
About GigaMedia
GigaMedia Limited (NASDAQ: GIGM) is an online games and entertainment company focused primarily on markets in Greater China and Southeast Asia. Through its online entertainment platforms, the company provides casual and social games, including mahjong, poker, card and other multiplayer titles designed for play on computers and mobile devices.
The company operates the FunTown brand, which has historically served users in Taiwan and other Asian markets. Its services are generally supported by digital distribution and online platform features, including account management, virtual goods and other forms of in-game entertainment.
GigaMedia was founded in 1998 and initially developed telecommunications and broadband-related businesses in Taiwan before transitioning toward online games and entertainment.
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