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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Up 1.2 %

Shares of GigaMedia stock opened at $1.67 on Monday. The firm has a market cap of $18.46 million, a price-to-earnings ratio of -4.64 and a beta of 0.37. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.80. The company’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $1.40.

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.