GigaMedia (NASDAQ:GIGM) Now Covered by Analysts at StockNews.com

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

GigaMedia Trading Down 3.0 %

GIGM stock opened at $1.46 on Wednesday. The business’s fifty day moving average price is $1.42 and its 200 day moving average price is $1.35. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.53. The company has a market capitalization of $16.13 million, a PE ratio of -4.06 and a beta of 0.38.

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.