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

Analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Up 0.7 %

Shares of GigaMedia stock opened at $1.46 on Tuesday. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.53. The company has a market cap of $16.14 million, a price-to-earnings ratio of -4.06 and a beta of 0.37. The company’s 50 day moving average is $1.41 and its 200 day moving average is $1.35.

About GigaMedia

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.