GigaMedia (NASDAQ:GIGM) Coverage Initiated by Analysts at StockNews.com

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

GigaMedia Price Performance

Shares of NASDAQ GIGM remained flat at $1.31 during midday trading on Tuesday. 30,101 shares of the stock were exchanged, compared to its average volume of 8,938. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.50. The company has a market cap of $14.48 million, a PE ratio of -3.54 and a beta of 0.39. The stock has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $1.32.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.