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

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

GigaMedia Trading Down 1.3 %

NASDAQ GIGM opened at $1.50 on Friday. The business’s 50-day moving average price is $1.55 and its 200 day moving average price is $1.45. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.80. The company has a market capitalization of $16.58 million, a PE ratio of -4.17 and a beta of 0.37.

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.