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

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

GigaMedia Stock Performance

GIGM opened at $1.46 on Thursday. The company has a market capitalization of $16.13 million, a P/E ratio of -4.06 and a beta of 0.38. The company has a 50-day moving average of $1.44 and a 200-day moving average of $1.36. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.53.

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.