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

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

GigaMedia Trading Up 2.6 %

Shares of GIGM opened at $1.58 on Friday. The firm has a market capitalization of $17.46 million, a P/E ratio of -4.39 and a beta of 0.38. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.60. The firm has a fifty day moving average price of $1.46 and a 200-day moving average price of $1.37.

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.