GigaMedia (NASDAQ:GIGM) Announces Earnings Results

GigaMedia (NASDAQ:GIGM) released its earnings results on Friday. The technology company reported ($0.04) EPS for the quarter, Zacks reports. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%.

GigaMedia Stock Performance

Shares of NASDAQ GIGM traded up $0.01 during mid-day trading on Friday, hitting $1.76. The stock had a trading volume of 31,030 shares, compared to its average volume of 11,689. The firm has a market cap of $19.45 million, a P/E ratio of -4.89 and a beta of 0.39. GigaMedia has a 1 year low of $1.25 and a 1 year high of $1.80. The business has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of GigaMedia in a research report on Wednesday. They set a “sell” rating for the company.

About GigaMedia

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.