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

StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued to investors on Thursday morning. The brokerage issued a sell rating on the technology company’s stock.

GigaMedia Price Performance

GigaMedia stock opened at $1.46 on Thursday. The business’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.36. The stock has a market cap of $16.13 million, a price-to-earnings ratio of -4.06 and a beta of 0.38. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.53.

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.