StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report published on Thursday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
Shares of GIGM stock opened at $1.36 on Thursday. GigaMedia has a one year low of $1.23 and a one year high of $1.50. The company’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.33. The stock has a market capitalization of $15.03 million, a price-to-earnings ratio of -3.68 and a beta of 0.37.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 9.33% and a negative net margin of 121.14%. The business had revenue of $0.72 million during the quarter.
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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