Investment analysts at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a report issued on Sunday. The brokerage set a “sell” rating on the technology company’s stock.
GigaMedia Price Performance
GIGM opened at $1.59 on Friday. 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 $17.57 million, a P/E ratio of -4.42 and a beta of 0.35. The company’s 50-day moving average is $1.59 and its 200 day moving average is $1.53.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its earnings results on Friday, March 28th. The technology company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.76 million during the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
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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