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

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

GigaMedia Price Performance

Shares of NASDAQ GIGM opened at $1.49 on Friday. The firm has a market cap of $16.52 million, a PE ratio of -4.15 and a beta of 0.37. The company’s fifty day simple moving average is $1.38 and its 200 day simple moving average is $1.34. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.53.

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.