GigaMedia Limited (GIGM) Releases Quarterly Earnings
GigaMedia Limited (NASDAQ:GIGM) announced its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, ARN reports. The company had revenue of $2.18 million for the quarter, compared to the consensus estimate of $4.19 million.
Shares of GigaMedia Limited (NASDAQ:GIGM) traded down 1.85% on Tuesday, hitting $1.06. The stock had a trading volume of 180,706 shares. GigaMedia Limited has a 52 week low of $0.93 and a 52 week high of $1.84. The stock’s 50-day moving average is $1.23 and its 200-day moving average is $1.15. The company’s market cap is $53.8 million.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of GigaMedia Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, April 15th.
GigaMedia Limited (NASDAQ:GIGM) is a provider of online entertainment software and services.
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