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

Investment analysts at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Down 1.0 %

NASDAQ GIGM opened at $1.50 on Thursday. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.80. The firm has a market capitalization of $16.52 million, a P/E ratio of -4.15 and a beta of 0.37. The company has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.43.

About GigaMedia

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.