GigaMedia (NASDAQ:GIGM) Coverage Initiated at StockNews.com

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

GigaMedia Stock Performance

Shares of NASDAQ GIGM opened at $1.49 on Monday. GigaMedia has a fifty-two week low of $1.23 and a fifty-two week high of $1.53. The company has a market cap of $16.46 million, a PE ratio of -4.19 and a beta of 0.37. The business has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average 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.