GigaMedia (NASDAQ:GIGM) Now Covered by StockNews.com

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report sent to investors on Sunday. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

GIGM opened at $1.49 on Friday. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.53. The company has a market cap of $16.52 million, a price-to-earnings ratio of -4.15 and a beta of 0.37. The company’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.34.

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.