GigaMedia (NASDAQ:GIGM) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a report issued on Saturday morning. The firm issued a sell rating on the technology company’s stock.

GigaMedia Trading Down 1.9 %

GigaMedia stock opened at $1.55 on Friday. The company has a 50-day moving average price of $1.46 and a 200 day moving average price of $1.37. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.60. The stock has a market cap of $17.13 million, a P/E ratio of -4.31 and a beta of 0.38.

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.