GigaMedia (NASDAQ:GIGM) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note published on Saturday. The firm issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

GIGM opened at $1.52 on Friday. The company has a fifty day moving average price of $1.55 and a 200-day moving average price of $1.45. The firm has a market capitalization of $16.80 million, a P/E ratio of -4.22 and a beta of 0.37. GigaMedia has a one year low of $1.23 and a one year high of $1.80.

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.