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

by · The Cerbat Gem

Equities researchers at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Get Free Report) in a report released on Wednesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Trading Down 0.4 %

Shares of GIGM stock opened at $1.37 on Wednesday. The firm has a market capitalization of $15.09 million, a price-to-earnings ratio of -3.69 and a beta of 0.37. The business’s 50-day moving average price is $1.34 and its 200-day moving average price is $1.32. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.50.

GigaMedia (NASDAQ:GIGM – Get Free Report) last announced 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 company had revenue of $0.72 million for the quarter.

GigaMedia Company Profile

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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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