GigaMedia (NASDAQ:GIGM) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued on Friday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Down 0.7 %

Shares of NASDAQ GIGM opened at $1.51 on Friday. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80. The stock’s 50 day moving average price is $1.54 and its 200-day moving average price is $1.44. The company has a market capitalization of $16.67 million, a PE ratio of -4.19 and a beta of 0.37.

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.