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

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

GigaMedia Price Performance

GigaMedia stock opened at $1.47 on Wednesday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.53. The firm has a market capitalization of $16.22 million, a price-to-earnings ratio of -4.08 and a beta of 0.38. The firm has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.35.

GigaMedia Company Profile

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.