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

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

GigaMedia Price Performance

GIGM opened at $1.75 on Wednesday. GigaMedia has a one year low of $1.25 and a one year high of $1.80. The business has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.49. The firm has a market capitalization of $19.29 million, a price-to-earnings ratio of -4.85 and a beta of 0.39.

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.