GigaMedia (NASDAQ:GIGM) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report report published on Thursday. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

NASDAQ:GIGM remained flat at $1.40 on Thursday. 2,883 shares of the company’s stock were exchanged, compared to its average volume of 11,075. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.59. The firm has a fifty day moving average of $1.30 and a 200 day moving average of $1.36. The stock has a market capitalization of $15.47 million, a price-to-earnings ratio of -4.25 and a beta of 0.41.

GigaMedia (NASDAQ:GIGM) last posted its quarterly earnings data on Friday, March 29th. The technology company reported ($0.19) EPS for the quarter. GigaMedia had a negative net margin of 80.73% and a negative return on equity of 7.45%. The firm had revenue of $0.87 million during the quarter.

About GigaMedia

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.