Shares of GigaMedia Limited (NASDAQ:GIGM – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of GigaMedia in a report on Tuesday. They set a “sell” rating on the stock.
Get Our Latest Stock Analysis on GigaMedia
GigaMedia Stock Performance
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.
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