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

StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note published on Saturday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

GigaMedia stock opened at $1.50 on Friday. The firm has a market cap of $16.58 million, a PE ratio of -4.17 and a beta of 0.37. The firm’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.45. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80.

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.