StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a report published on Wednesday. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Trading Down 2.5 %
Shares of GIGM opened at $1.54 on Wednesday. The firm’s 50-day moving average price is $1.53 and its 200-day moving average price is $1.42. The firm has a market capitalization of $17.02 million, a price-to-earnings ratio of -4.28 and a beta of 0.37. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.80.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.03) earnings per share for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The business had revenue of $0.77 million during 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.
Further Reading
- Five stocks we like better than GigaMedia
- How to Calculate Return on Investment (ROI)
- Coinbase Gains Momentum on App Store—What It Means for the Stock
- How to Short Nasdaq: An Easy-to-Follow Guide
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 3 Steel Stocks Soaring After Tariff Announcements
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.
