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

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

GigaMedia Price Performance

GigaMedia stock opened at $1.58 on Friday. The firm has a market capitalization of $17.46 million, a P/E ratio of -4.39 and a beta of 0.38. The company’s 50-day moving average is $1.46 and its 200 day moving average is $1.37. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.60.

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.