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

Equities research analysts at StockNews.com began 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 Trading Down 0.3 %

Shares of NASDAQ GIGM opened at $1.45 on Friday. The firm has a market capitalization of $16.03 million, a P/E ratio of -4.03 and a beta of 0.38. The firm’s 50-day moving average price is $1.44 and its 200-day moving average price is $1.36. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.53.

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.