GigaMedia (NASDAQ:GIGM) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGMGet Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

GIGM stock opened at $1.30 on Wednesday. The stock has a market capitalization of $14.31 million, a P/E ratio of -3.50 and a beta of 0.39. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.56. The firm has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.35.

GigaMedia (NASDAQ:GIGMGet Free Report) last posted its earnings results on Friday, May 3rd. The technology company reported ($0.08) EPS for the quarter. The company had revenue of $0.73 million during the quarter. GigaMedia had a negative return on equity of 8.94% and a negative net margin of 109.81%.

GigaMedia Company Profile

(Get Free Report)

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.

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