GigaMedia (NASDAQ:GIGM) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Thursday. The firm issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

Shares of GigaMedia stock opened at $1.46 on Thursday. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.53. The stock has a market capitalization of $16.13 million, a P/E ratio of -4.06 and a beta of 0.38. The company has a 50-day simple moving average of $1.44 and a 200 day simple moving average of $1.36.

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.