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

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

GigaMedia Price Performance

Shares of GigaMedia stock opened at $1.58 on Friday. The business has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.37. The company has a market capitalization of $17.46 million, a P/E ratio of -4.39 and a beta of 0.38. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.60.

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.