GigaMedia (NASDAQ:GIGM) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Up 7.1 %

Shares of GIGM opened at $1.74 on Wednesday. GigaMedia has a twelve month low of $1.25 and a twelve month high of $1.80. The stock has a market cap of $19.23 million, a PE ratio of -4.83 and a beta of 0.39. The business’s 50-day moving average price is $1.56 and its 200-day moving average price is $1.49.

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.