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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Monday. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Trading Down 1.2 %

Shares of GIGM stock opened at $1.65 on Monday. The firm has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $1.39. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The firm has a market capitalization of $18.24 million, a PE ratio of -4.58 and a beta of 0.37.

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.