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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

GIGM opened at $1.60 on Tuesday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.80. The stock has a market capitalization of $17.68 million, a PE ratio of -4.44 and a beta of 0.39. The stock’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.48.

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.