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

Equities researchers at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GIGM stock opened at $1.46 on Tuesday. The company’s 50-day simple moving average is $1.41 and its two-hundred day simple moving average is $1.35. GigaMedia has a one year low of $1.23 and a one year high of $1.53. The company has a market capitalization of $16.13 million, a P/E ratio of -4.06 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.