StockNews.com Initiates Coverage on GigaMedia (NASDAQ:GIGM)

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a report issued on Friday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of GIGM stock opened at $1.45 on Friday. The stock has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $1.36. The company has a market capitalization of $16.08 million, a P/E ratio of -4.04 and a beta of 0.38. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.53.

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.