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

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

GigaMedia Stock Up 1.4 %

Shares of GigaMedia stock opened at $1.52 on Thursday. The firm has a market cap of $16.81 million, a price-to-earnings ratio of -4.23 and a beta of 0.37. The business has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.43. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.80.

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.