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

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

GigaMedia Stock Down 1.0 %

Shares of GIGM opened at $1.52 on Friday. The business’s 50 day moving average price is $1.54 and its 200-day moving average price is $1.44. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.80. The stock has a market cap of $16.74 million, a P/E ratio of -4.21 and a beta of 0.37.

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.