GigaMedia (NASDAQ:GIGM) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report report published on Monday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Up 1.0 %

Shares of GIGM stock opened at $1.53 on Monday. The company has a market capitalization of $16.85 million, a price-to-earnings ratio of -4.24 and a beta of 0.36. GigaMedia has a 12-month low of $1.26 and a 12-month high of $1.80. The firm has a fifty day moving average of $1.59 and a 200-day moving average of $1.54.

GigaMedia (NASDAQ:GIGM – Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.86 million during the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.

About GigaMedia

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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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