StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note issued to investors on Wednesday morning. The firm issued a sell rating on the technology company’s stock.
GigaMedia Trading Down 2.5 %
Shares of GIGM stock opened at $1.54 on Wednesday. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The stock has a market capitalization of $17.02 million, a P/E ratio of -4.28 and a beta of 0.37. The firm’s 50 day moving average is $1.53 and its 200 day moving average is $1.42.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported ($0.03) earnings per share for the quarter. The company had revenue of $0.77 million during the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
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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