GigaMedia (NASDAQ:GIGM) Now Covered by StockNews.com

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

GigaMedia Stock Down 1.0 %

GIGM opened at $1.52 on Friday. The stock has a market cap of $16.74 million, a P/E ratio of -4.21 and a beta of 0.37. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.44.

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.