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

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

GigaMedia Stock Performance

NASDAQ:GIGM opened at $1.48 on Tuesday. The firm has a market capitalization of $16.35 million, a price-to-earnings ratio of -4.11 and a beta of 0.37. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.53. The stock has a fifty day moving average of $1.42 and a 200 day moving average of $1.35.

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.