Investment 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 Price Performance
NASDAQ GIGM opened at $1.31 on Wednesday. The firm has a market cap of $14.48 million, a P/E ratio of -4.09 and a beta of 0.43. The stock’s 50-day moving average is $1.30 and its 200-day moving average is $1.36. GigaMedia has a one year low of $1.23 and a one year high of $1.62.
GigaMedia (NASDAQ:GIGM – Get Free Report) last released its quarterly earnings results on Friday, March 29th. The technology company reported ($0.19) EPS for the quarter. GigaMedia had a negative return on equity of 7.45% and a negative net margin of 80.73%. The business had revenue of $0.87 million for the quarter.
GigaMedia Company Profile
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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