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

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

GigaMedia Price Performance

GigaMedia stock opened at $1.48 on Tuesday. GigaMedia has a one year low of $1.23 and a one year high of $1.53. The business has a fifty day moving average price of $1.42 and a 200-day moving average price of $1.35. The firm has a market capitalization of $16.35 million, a P/E ratio of -4.11 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.