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

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGMGet Rating) in a report published on Monday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GigaMedia stock opened at $1.24 on Monday. The company’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.47. The stock has a market capitalization of $13.70 million, a PE ratio of -3.35 and a beta of 0.31. GigaMedia has a 1-year low of $1.12 and a 1-year high of $2.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GigaMedia stock. Two Sigma Investments LP bought a new stake in shares of GigaMedia Limited (NASDAQ:GIGMGet Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,395 shares of the technology company’s stock, valued at approximately $40,000. Two Sigma Investments LP owned approximately 0.28% of GigaMedia as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.04% of the company’s stock.

GigaMedia Company Profile

(Get Rating)

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. It 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.

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