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

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

GigaMedia Price Performance

Shares of NASDAQ GIGM opened at $1.45 on Friday. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.53. The stock has a market capitalization of $16.03 million, a P/E ratio of -4.03 and a beta of 0.38. The company has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.36.

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.