Shares of GigaMedia Limited (NASDAQ:GIGM – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.47 and traded as high as $1.62. GigaMedia shares last traded at $1.60, with a volume of 4,650 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of GigaMedia in a research report on Tuesday. They set a “sell” rating on the stock.
Get Our Latest Stock Analysis on GIGM
GigaMedia Stock 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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