GigaMedia (NASDAQ:GIGM) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGMFree Report) in a research note published on Tuesday. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Down 1.5 %

GIGM opened at $1.31 on Tuesday. The business has a fifty day moving average of $1.33 and a 200 day moving average of $1.35. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.56. The stock has a market cap of $14.42 million, a P/E ratio of -3.53 and a beta of 0.39.

GigaMedia (NASDAQ:GIGMGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The technology company reported ($0.08) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 109.81% and a negative return on equity of 8.94%. The business had revenue of $0.73 million for the quarter.

About GigaMedia

(Get Free Report)

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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