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

StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGMFree Report) in a report published on Friday. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of GIGM opened at $1.52 on Friday. The business’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.44. The firm has a market capitalization of $16.74 million, a price-to-earnings ratio of -4.21 and a beta of 0.37. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.80.

About GigaMedia

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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.

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