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

Investment analysts at StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM) in a report released on Monday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

GigaMedia stock opened at $1.67 on Monday. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.80. The firm’s 50 day moving average price is $1.50 and its two-hundred day moving average price is $1.39. The firm has a market cap of $18.46 million, a price-to-earnings ratio of -4.64 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.