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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note released on Friday. The firm issued a sell rating on the technology company’s stock.

GigaMedia Stock Up 0.3 %

GIGM opened at $1.45 on Friday. The firm has a market capitalization of $16.08 million, a P/E ratio of -4.04 and a beta of 0.38. The stock has a fifty day moving average of $1.45 and a 200-day moving average of $1.36. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.53.

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.