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

Analysts at StockNews.com started coverage on shares of GigaMedia (NASDAQ:GIGM) in a note issued to investors on Monday. The brokerage set a “sell” rating on the technology company’s stock.

GigaMedia Stock Performance

Shares of NASDAQ:GIGM opened at $1.50 on Monday. GigaMedia has a 52 week low of $1.23 and a 52 week high of $1.53. The company’s 50 day moving average is $1.39 and its two-hundred day moving average is $1.34. The company has a market cap of $16.61 million, a PE ratio of -4.17 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.