GigaMedia (NASDAQ:GIGM) Shares Pass Above 200 Day Moving Average – Should You Sell?

GigaMedia Limited (NASDAQ:GIGM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.56 and traded as high as $1.56. GigaMedia shares last traded at $1.54, with a volume of 3,885 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigaMedia in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, GigaMedia presently has a consensus rating of “Sell”.

GigaMedia Trading Up 0.3%

The firm has a market capitalization of $17.02 million, a P/E ratio of -14.00 and a beta of 0.43. The company has a 50-day moving average of $1.51 and a 200-day moving average of $1.56.

Hedge Funds Weigh In On GigaMedia

An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. boosted its stake in GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,233 shares of the technology company’s stock after acquiring an additional 38,521 shares during the period. Osaic Holdings Inc. owned 1.53% of GigaMedia worth $242,000 at the end of the most recent quarter. 13.50% of the stock is currently owned by institutional investors.

GigaMedia Company Profile

GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value‐added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role‐playing adventures to strategy and social games.

In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.