GigaMedia Limited (NASDAQ:GIGM) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Tuesday.

GigaMedia Limited (NASDAQ:GIGM) opened at 2.94 on Tuesday. GigaMedia Limited has a 12 month low of $2.31 and a 12 month high of $3.64. The company’s market cap is $32.49 million. The company’s 50 day moving average is $3.02 and its 200-day moving average is $3.01.

GigaMedia Limited (NASDAQ:GIGM) last issued its quarterly earnings results on Monday, May 8th. The technology company reported ($0.07) EPS for the quarter. The company had revenue of $4.15 million during the quarter. GigaMedia Limited had a negative return on equity of 5.87% and a negative net margin of 41.12%. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, analysts expect that GigaMedia Limited will post $0.51 earnings per share for the current fiscal year.

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GigaMedia Limited Company Profile

GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company operates through two segments: Asian online game and service, and cloud service business. The Company has online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei.

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