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

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

GigaMedia Price Performance

Shares of NASDAQ GIGM opened at $1.59 on Monday. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.80. The stock has a market cap of $17.57 million, a P/E ratio of -4.42 and a beta of 0.39. The firm has a 50-day moving average of $1.57 and a 200 day moving average of $1.47.

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.