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

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

GigaMedia Stock Performance

Shares of GIGM stock opened at $1.55 on Friday. The firm has a market cap of $17.13 million, a P/E ratio of -4.31 and a beta of 0.38. The firm’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.37. GigaMedia has a one year low of $1.23 and a one year high of $1.60.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.