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

Analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued on Saturday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Price Performance

Shares of NASDAQ GIGM opened at $1.58 on Friday. GigaMedia has a 1-year low of $1.23 and a 1-year high of $1.60. The company has a market cap of $17.46 million, a PE ratio of -4.39 and a beta of 0.38. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.37.

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.