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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Up 0.6 %

GIGM stock opened at $1.56 on Friday. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80. The stock’s 50 day moving average is $1.56 and its 200-day moving average is $1.46. The firm has a market capitalization of $17.24 million, a PE ratio of -4.33 and a beta of 0.39.

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.