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

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

GigaMedia Trading Down 1.3 %

NASDAQ GIGM opened at $1.50 on Friday. The company has a fifty day simple moving average of $1.55 and a 200 day simple moving average of $1.45. The company has a market cap of $16.58 million, a P/E ratio of -4.17 and a beta of 0.37. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.80.

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.