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

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

GigaMedia Price Performance

GIGM opened at $1.46 on Friday. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.50. The stock has a market cap of $16.13 million, a P/E ratio of -4.06 and a beta of 0.37. The stock’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.33.

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.