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

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

GigaMedia Price Performance

NASDAQ GIGM opened at $1.46 on Thursday. The stock has a market cap of $16.13 million, a PE ratio of -4.06 and a beta of 0.38. The business has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $1.36. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.53.

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.