Shares of GigaMedia Limited (NASDAQ:GIGM – Get Free Report) 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.
View Our Latest Analysis on GIGM
GigaMedia Stock Up 0.3 %
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.
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