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

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

GigaMedia Stock Performance

GigaMedia stock opened at $1.45 on Tuesday. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.53. The stock’s 50 day moving average is $1.41 and its 200-day moving average is $1.35. The company has a market capitalization of $16.02 million, a price-to-earnings ratio of -4.06 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.