GigaMedia (NASDAQ:GIGM) coverage launched on StockNews.com


StockNews.com assumed hedging on the shares of GigaMedia (NASDAQ: GIGMGet a rating) in a research note published Tuesday. The brokerage has set a “sell” rating on the tech company’s shares.

Shares of NASDAQ GIGM opened at $1.66 on Tuesday. The company’s 50-day moving average price is $1.86. GigaMedia has a 52-week low of $1.64 and a 52-week high of $3.34. The company has a market capitalization of $18.34 million, a PE ratio of -5.19 and a beta of 0.22.

A hedge fund recently bought a new stake in the shares of GigaMedia. Susquehanna International Group LLP has acquired a new stake in the shares of GigaMedia Limited (NASDAQ: GIGMGet a rating) during the 4th quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,054 shares of the tech company, valued at around $36,000. Susquehanna International Group LLP owned approximately 0.15% of GigaMedia when it last filed with the SEC. 3.48% of the shares are currently held by institutional investors and hedge funds.

GigaMedia Company Profile (Get a rating)

GigaMedia Limited 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 a branded platform. It features MahJong, a traditional Chinese tile-based game; card games and casual table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slot machines and various casual games.

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