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

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

GigaMedia Stock Up 2.6 %

GigaMedia stock opened at $1.58 on Friday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.60. The company has a market cap of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.38. The firm’s fifty day moving average is $1.46 and its 200 day moving average is $1.37.

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.