GigaMedia Limited (NASDAQ:GIGM – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.45 and traded as high as $1.53. GigaMedia shares last traded at $1.50, with a volume of 50,852 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on GigaMedia in a research report on Saturday. They set a “sell” rating on the stock.
View Our Latest Stock Analysis on GIGM
GigaMedia Price Performance
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.
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