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

Analysts at StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued on Friday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

NASDAQ GIGM opened at $1.45 on Friday. The firm’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.36. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.53. The stock has a market cap of $16.08 million, a price-to-earnings ratio of -4.04 and a beta of 0.38.

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.