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

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

GigaMedia Stock Performance

Shares of GIGM stock remained flat at $1.51 on Friday. 2,218 shares of the company were exchanged, compared to its average volume of 9,655. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.53. The stock’s 50-day simple moving average is $1.37 and its two-hundred day simple moving average is $1.34.

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.