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

Analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGMGet Free Report) in a report released on Sunday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Up 0.8 %

NASDAQ GIGM opened at $1.29 on Friday. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.62. The firm has a market capitalization of $14.26 million, a P/E ratio of -9.92 and a beta of 0.43. The company has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GigaMedia stock. Susquehanna International Group LLP purchased a new position in GigaMedia Limited (NASDAQ:GIGMFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,538 shares of the technology company’s stock, valued at approximately $38,000. Susquehanna International Group LLP owned 0.24% of GigaMedia at the end of the most recent reporting period. 13.50% of the stock is currently owned by institutional investors.

About GigaMedia

(Get Free Report)

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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