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

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a report issued on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

NASDAQ GIGM opened at $1.60 on Tuesday. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The company has a market capitalization of $17.63 million, a P/E ratio of -4.43 and a beta of 0.39. The company’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $1.47.

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.