GigaMedia (NASDAQ:GIGM) Research Coverage Started at StockNews.com

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

GigaMedia Stock Performance

GIGM remained flat at $1.31 during trading on Tuesday. The company had a trading volume of 29,988 shares, compared to its average volume of 8,937. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.50. The firm has a market capitalization of $14.48 million, a PE ratio of -3.54 and a beta of 0.39. The business’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.32.

About GigaMedia

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.