GigaMedia (NASDAQ:GIGM) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

GigaMedia Limited (NASDAQ:GIGM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.54 and traded as high as $1.61. GigaMedia shares last traded at $1.53, with a volume of 5,399 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of GigaMedia in a research report on Wednesday, May 21st. They issued a “sell” rating on the stock.

GigaMedia Stock Up 0.7%

The company has a market capitalization of $16.85 million, a P/E ratio of -4.24 and a beta of 0.36. The business has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.54.

GigaMedia (NASDAQ:GIGM) last released its earnings results on Monday, May 5th. The technology company reported ($0.06) EPS for the quarter. GigaMedia had a negative net margin of 126.94% and a negative return on equity of 9.19%. The firm had revenue of $0.86 million during the quarter.

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.