GigaMedia (NASDAQ:GIGM – Get Free Report) announced its quarterly earnings results on Friday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $0.76 million during the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
GigaMedia Price Performance
Shares of GIGM opened at $1.76 on Friday. GigaMedia has a 1 year low of $1.25 and a 1 year high of $1.80. The business has a 50-day moving average of $1.57 and a 200-day moving average of $1.50. The company has a market capitalization of $19.45 million, a price-to-earnings ratio of -4.89 and a beta of 0.39.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of GigaMedia in a research note on Wednesday. They issued a “sell” rating on the stock.
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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