StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report report published on Thursday morning. The firm issued a sell rating on the technology company’s stock.
GigaMedia Trading Down 1.8 %
NASDAQ GIGM opened at $1.63 on Thursday. The firm’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.51. The firm has a market capitalization of $17.96 million, a price-to-earnings ratio of -4.51 and a beta of 0.35. GigaMedia has a 1 year low of $1.26 and a 1 year high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its earnings results on Friday, March 28th. The technology company reported ($0.04) EPS for the quarter. The business had revenue of $0.76 million for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
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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