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

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a report issued on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

NASDAQ:GIGM opened at $1.50 on Friday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.60. The company has a market cap of $16.53 million, a P/E ratio of -4.15 and a beta of 0.37. The stock’s 50-day simple moving average is $1.48 and its 200 day simple moving average is $1.38.

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.