GigaMedia (NASDAQ:GIGM) Share Price Crosses Above 200-Day Moving Average of $1.36

GigaMedia Limited (NASDAQ:GIGM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.36 and traded as high as $1.38. GigaMedia shares last traded at $1.34, with a volume of 57,428 shares.

Analyst Ratings Changes

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

GigaMedia Trading Up 2.3 %

The stock’s 50-day moving average is $1.30 and its 200-day moving average is $1.36. The stock has a market cap of $14.81 million, a P/E ratio of -4.19 and a beta of 0.43.

GigaMedia Company Profile

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.