GigaMedia (NASDAQ:GIGM) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of GigaMedia Limited (NASDAQ:GIGM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.47 and traded as high as $1.62. GigaMedia shares last traded at $1.60, with a volume of 4,650 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on GigaMedia in a research note on Tuesday. They issued a “sell” rating for the company.

GigaMedia Stock Up 0.3 %

The firm has a market cap of $17.63 million, a price-to-earnings ratio of -4.43 and a beta of 0.39. The business has a 50 day moving average price of $1.57 and a 200-day moving average price of $1.47.

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.