GigaMedia (NASDAQ:GIGM) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GIGM opened at $1.35 on Friday. The firm has a market capitalization of $14.92 million, a P/E ratio of -3.65 and a beta of 0.37. GigaMedia has a one year low of $1.23 and a one year high of $1.50. The business has a fifty day moving average of $1.35 and a 200 day moving average of $1.33.

GigaMedia (NASDAQ:GIGM) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%. The firm had revenue of $0.72 million for the quarter.

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.