GigaMedia (NASDAQ:GIGM) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

GigaMedia Limited (NASDAQ:GIGM)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.37 and traded as high as $1.60. GigaMedia shares last traded at $1.58, with a volume of 42,721 shares changing hands.

Analyst Upgrades and Downgrades

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

GigaMedia Trading Up 2.6 %

The firm has a 50-day moving average of $1.46 and a 200 day moving average of $1.37. The stock has a market capitalization of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.38.

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.