GigaMedia (NASDAQ:GIGM – Get Free Report) issued its earnings results on Friday. The technology company reported $0.05 earnings per share for the quarter, FiscalAI reports. GigaMedia had a negative net margin of 50.86% and a negative return on equity of 4.52%. The company had revenue of $2.13 million for the quarter.
GigaMedia Stock Performance
GIGM stock traded up $0.10 during midday trading on Friday, hitting $1.41. 16,985 shares of the stock were exchanged, compared to its average volume of 6,242. The stock’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.46. The stock has a market cap of $15.58 million, a price-to-earnings ratio of -9.40 and a beta of 0.48. GigaMedia has a fifty-two week low of $1.29 and a fifty-two week high of $1.89.
Hedge Funds Weigh In On GigaMedia
An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. raised its holdings in GigaMedia Limited (NASDAQ:GIGM – Free Report) by 29.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,233 shares of the technology company’s stock after purchasing an additional 38,521 shares during the period. Osaic Holdings Inc. owned 1.53% of GigaMedia worth $242,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.50% of the company’s stock.
About GigaMedia
GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value‐added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role‐playing adventures to strategy and social games.
In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.
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