GigaMedia (NASDAQ:GIGM) Issues Earnings Results

GigaMedia (NASDAQ:GIGM) announced its quarterly earnings data on Friday. The technology company reported $0.17 EPS for the quarter, FiscalAI reports. GigaMedia had a negative net margin of 43.36% and a negative return on equity of 5.36%. The company had revenue of $3.16 million during the quarter.

GigaMedia Price Performance

NASDAQ:GIGM opened at $1.41 on Friday. The company has a market cap of $15.58 million, a P/E ratio of 17.63 and a beta of 0.44. The firm’s fifty day moving average price is $1.35 and its two-hundred day moving average price is $1.43. GigaMedia has a one year low of $1.11 and a one year high of $1.66.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of GigaMedia from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, GigaMedia presently has a consensus rating of “Sell”.

GigaMedia Company Profile

GigaMedia Limited (NASDAQ: GIGM) is an online games and entertainment company focused primarily on markets in Greater China and Southeast Asia. Through its online entertainment platforms, the company provides casual and social games, including mahjong, poker, card and other multiplayer titles designed for play on computers and mobile devices.

The company operates the FunTown brand, which has historically served users in Taiwan and other Asian markets. Its services are generally supported by digital distribution and online platform features, including account management, virtual goods and other forms of in-game entertainment.

GigaMedia was founded in 1998 and initially developed telecommunications and broadband-related businesses in Taiwan before transitioning toward online games and entertainment.