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

Equities researchers at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Trading Up 1.2 %

NASDAQ GIGM opened at $1.67 on Monday. The company has a market capitalization of $18.46 million, a PE ratio of -4.64 and a beta of 0.37. The stock has a 50-day simple moving average of $1.50 and a 200 day simple moving average of $1.39. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80.

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.