StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Price Performance
NASDAQ:GIGM opened at $1.41 on Friday. The company has a 50-day moving average price of $1.35 and a 200-day moving average price of $1.33. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.50.
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%. The business had revenue of $0.72 million for 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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