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

Equities research analysts at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

GIGM stock opened at $1.50 on Monday. The firm has a 50-day moving average of $1.39 and a two-hundred day moving average of $1.34. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.53. The company has a market cap of $16.61 million, a price-to-earnings ratio of -4.17 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.