GigaMedia (NASDAQ:GIGM) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued on Tuesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

NASDAQ:GIGM opened at $1.60 on Tuesday. The firm has a 50-day moving average price of $1.56 and a two-hundred day moving average price of $1.48. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80. The company has a market capitalization of $17.68 million, a P/E ratio of -4.44 and a beta of 0.39.

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.