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

StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report released on Monday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

GIGM opened at $1.59 on Monday. The company has a market capitalization of $17.52 million, a price-to-earnings ratio of -4.40 and a beta of 0.39. The firm’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.47. GigaMedia has a 1 year low of $1.23 and a 1 year 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.