GigaMedia Limited (GIGM) Posts Quarterly Earnings Results

GigaMedia Limited (NASDAQ:GIGM) announced its earnings results on Tuesday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, RTT News reports. GigaMedia Limited had a negative net margin of 41.12% and a negative return on equity of 5.88%. The business had revenue of $2.30 million for the quarter.

Shares of GigaMedia Limited (NASDAQ:GIGM) traded up 0.65% during midday trading on Wednesday, hitting $3.12. The stock had a trading volume of 24,041 shares. The stock’s 50-day moving average is $3.25 and its 200-day moving average is $3.05. The stock’s market cap is $34.48 million. GigaMedia Limited has a 12 month low of $2.50 and a 12 month high of $3.70.

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Separately, TheStreet raised GigaMedia Limited from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st.

In other GigaMedia Limited news, CEO Cheng-Ming Huang purchased 37,608 shares of the stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $2.99 per share, with a total value of $112,447.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have bought 237,608 shares of company stock worth $705,448. Corporate insiders own 0.98% of the company’s stock.

GigaMedia Limited Company Profile

GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company operates through two segments: Asian online game and service, and cloud service business. The Company has online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei.

Earnings History for GigaMedia Limited (NASDAQ:GIGM)

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