StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note released on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
Shares of GigaMedia stock opened at $1.59 on Friday. GigaMedia has a fifty-two week low of $1.26 and a fifty-two week high of $1.80. The firm has a market capitalization of $17.57 million, a price-to-earnings ratio of -4.42 and a beta of 0.35. The stock has a 50 day moving average of $1.59 and a 200 day moving average of $1.53.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings data on Friday, March 28th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.76 million for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.
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.
Read More
- Five stocks we like better than GigaMedia
- Following Congress Stock Trades
- Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet
- What is the FTSE 100 index?
- Coca-Cola Company Stock Can Bubble to New Highs This Year
- What to Know About Investing in Penny Stocks
- 3 Stocks Lifting 2025 Guidance Despite Market Jitters
Receive News & Ratings for GigaMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GigaMedia and related companies with MarketBeat.com's FREE daily email newsletter.
