GigaMedia (NASDAQ:GIGM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

GigaMedia Limited (NASDAQ:GIGM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.49 and traded as high as $1.78. GigaMedia shares last traded at $1.74, with a volume of 63,459 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of GigaMedia in a research report on Wednesday. They issued a “sell” rating for the company.

GigaMedia Price Performance

The company has a market capitalization of $19.23 million, a P/E ratio of -4.83 and a beta of 0.39. The firm has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.49.

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.