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

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

GigaMedia Stock Down 0.3 %

Shares of GIGM opened at $1.50 on Friday. The stock’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $1.38. The firm has a market capitalization of $16.53 million, a PE ratio of -4.15 and a beta of 0.37. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.60.

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.