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

Analysts at StockNews.com initiated 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 Price Performance

NASDAQ GIGM opened at $1.34 on Wednesday. The stock’s fifty day moving average price is $1.30 and its 200 day moving average price is $1.36. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.62. The company has a market cap of $14.81 million, a price-to-earnings ratio of -4.19 and a beta of 0.43.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.