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

Analysts at StockNews.com assumed coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued on Sunday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Trading Up 13.7 %

NASDAQ:GIGM opened at $1.70 on Friday. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.77. The company’s 50 day moving average is $1.48 and its two-hundred day moving average is $1.38. The company has a market cap of $18.79 million, a PE ratio of -4.72 and a beta of 0.37.

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.