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

Equities researchers at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of NASDAQ:GIGM opened at $1.50 on Friday. The business has a fifty day moving average of $1.48 and a 200-day moving average of $1.38. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.60. The firm has a market cap of $16.53 million, a PE ratio of -4.15 and a beta of 0.37.

GigaMedia Company Profile

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.