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

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

GigaMedia Price Performance

Shares of NASDAQ:GIGM opened at $1.45 on Friday. The stock’s 50 day moving average price is $1.45 and its 200 day moving average price is $1.36. The stock has a market cap of $16.08 million, a price-to-earnings ratio of -4.04 and a beta of 0.38. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.53.

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.