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

Equities researchers at StockNews.com began coverage on shares of GigaMedia (NASDAQ:GIGM) in a research note issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

GigaMedia Trading Up 2.3 %

GigaMedia stock opened at $1.34 on Wednesday. The stock has a market cap of $14.81 million, a P/E ratio of -4.19 and a beta of 0.43. The company has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.36. GigaMedia has a 12-month low of $1.23 and a 12-month high of $1.62.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.