GigaMedia (NASDAQ:GIGM – Get Free Report) posted its earnings results on Friday. The technology company reported ($0.04) earnings per share for the quarter, Zacks reports. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%.
GigaMedia Stock Up 0.6 %
GIGM opened at $1.76 on Friday. The firm has a market capitalization of $19.45 million, a P/E ratio of -4.89 and a beta of 0.39. The firm’s 50 day moving average is $1.57 and its 200-day moving average is $1.49. GigaMedia has a 52-week low of $1.25 and a 52-week high of $1.80.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on GigaMedia in a research report on Wednesday. They issued a “sell” rating for the company.
GigaMedia Company Profile
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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