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

Equities researchers at StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a report released on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of GIGM opened at $1.46 on Tuesday. The firm has a market cap of $16.13 million, a PE ratio of -4.06 and a beta of 0.37. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.53. The stock has a fifty day moving average price of $1.41 and a 200-day moving average price of $1.35.

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.