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

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

GigaMedia Price Performance

Shares of NASDAQ:GIGM opened at $1.47 on Wednesday. The firm has a fifty day moving average price of $1.42 and a two-hundred day moving average price of $1.35. GigaMedia has a one year low of $1.23 and a one year high of $1.53. The company has a market cap of $16.21 million, a price-to-earnings ratio of -4.08 and a beta of 0.38.

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.