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

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

GigaMedia Stock Performance

NASDAQ:GIGM opened at $1.52 on Wednesday. The company has a market capitalization of $16.80 million, a P/E ratio of -4.22 and a beta of 0.38. The stock’s 50 day moving average price is $1.43 and its 200 day moving average price is $1.36. GigaMedia has a 52 week low of $1.23 and a 52 week 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.