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

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

GigaMedia Price Performance

Shares of NASDAQ:GIGM opened at $1.50 on Friday. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.53. The company has a market cap of $16.58 million, a P/E ratio of -4.17 and a beta of 0.37. The stock’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.34.

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.