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

Investment analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of NASDAQ GIGM opened at $1.55 on Friday. The firm’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.46. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The stock has a market capitalization of $17.13 million, a price-to-earnings ratio of -4.31 and a beta of 0.37.

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.