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

Investment analysts at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Up 13.7 %

Shares of GIGM opened at $1.70 on Friday. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.77. The stock has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.38. The company has a market capitalization of $18.79 million, a PE ratio of -4.72 and a beta of 0.37.

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.