GigaMedia (NASDAQ:GIGM – Get Free Report) announced its quarterly earnings data on Monday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, Zacks reports. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
GigaMedia Price Performance
GigaMedia stock opened at $1.55 on Tuesday. GigaMedia has a fifty-two week low of $1.26 and a fifty-two week high of $1.80. The firm has a market capitalization of $17.08 million, a price-to-earnings ratio of -4.29 and a beta of 0.36. The company’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.54.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on GigaMedia in a research note on Monday. They set a “sell” rating for the company.
About GigaMedia
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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