StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note released on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Trading Up 1.0%
GIGM opened at $1.46 on Tuesday. The company has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.54. The firm has a market cap of $16.08 million, a price-to-earnings ratio of -4.04 and a beta of 0.36. GigaMedia has a twelve month low of $1.26 and a twelve month high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.86 million for the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
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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