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

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

GigaMedia Stock Performance

Shares of NASDAQ:GIGM opened at $1.75 on Wednesday. The company has a market capitalization of $19.34 million, a PE ratio of -4.86 and a beta of 0.39. GigaMedia has a 52 week low of $1.25 and a 52 week high of $1.80. The company’s fifty day moving average is $1.57 and its 200-day moving average is $1.49.

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.