GigaMedia (NASDAQ:GIGM) Receives New Coverage from Analysts at began coverage on shares of GigaMedia (NASDAQ:GIGMFree Report) in a research report released on Monday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GigaMedia stock opened at $1.35 on Monday. GigaMedia has a 12-month low of $1.34 and a 12-month high of $1.62. The stock has a market cap of $14.92 million, a P/E ratio of -10.38 and a beta of 0.45. The business’s 50 day moving average is $1.40 and its 200-day moving average is $1.40.

Institutional Investors Weigh In On GigaMedia

A hedge fund recently bought a new stake in GigaMedia stock. Two Sigma Investments LP acquired a new position in shares of GigaMedia Limited (NASDAQ:GIGMFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 SEC filing.

About GigaMedia

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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.

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