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

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

GigaMedia Stock Performance

Shares of GIGM opened at $1.50 on Monday. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.53. The company has a market capitalization of $16.60 million, a PE ratio of -4.17 and a beta of 0.37. The stock has a fifty day moving average of $1.39 and a two-hundred day moving average of $1.34.

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.