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

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note published on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of NASDAQ GIGM opened at $1.31 on Tuesday. The stock has a market cap of $14.42 million, a PE ratio of -4.08 and a beta of 0.43. The business has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.36. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.62.

Institutional Trading of GigaMedia

A hedge fund recently bought a new stake in GigaMedia stock. Susquehanna International Group LLP bought a new stake in GigaMedia Limited (NASDAQ:GIGM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,538 shares of the technology company’s stock, valued at approximately $38,000. Susquehanna International Group LLP owned approximately 0.24% of GigaMedia as of its most recent filing with the Securities and Exchange Commission (SEC). 13.50% of the stock is currently owned by institutional investors.

About GigaMedia

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.