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

Equities research analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a report released on Tuesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GIGM opened at $1.45 on Tuesday. GigaMedia has a 52-week low of $1.26 and a 52-week high of $1.80. The company has a market capitalization of $16.03 million, a PE ratio of -4.03 and a beta of 0.36. The stock has a fifty day simple moving average of $1.58 and a two-hundred day simple moving average of $1.54.

GigaMedia (NASDAQ:GIGM) last issued its quarterly earnings data on Monday, May 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.86 million for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.