Analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Stock Up 3.0 %
NASDAQ GIGM opened at $1.39 on Thursday. The firm has a market cap of $15.36 million, a P/E ratio of -3.76 and a beta of 0.37. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.50. The business’s 50-day moving average price is $1.34 and its 200 day moving average price is $1.32.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%. The company had revenue of $0.72 million during the quarter.
GigaMedia Company Profile
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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