GigaMedia (NASDAQ:GIGM) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGMFree Report) in a research report sent to investors on Saturday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

GIGM stock opened at $1.36 on Friday. GigaMedia has a one year low of $1.23 and a one year high of $1.56. The company’s fifty day moving average price is $1.31 and its 200-day moving average price is $1.36.

GigaMedia (NASDAQ:GIGMGet Free Report) last released its earnings results on Friday, March 29th. The technology company reported ($0.19) EPS for the quarter. GigaMedia had a negative return on equity of 8.94% and a negative net margin of 109.81%. The company had revenue of $0.87 million during the quarter.

GigaMedia Company Profile

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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.

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