GigaMedia (NASDAQ:GIGM) Stock Crosses Above 200 Day Moving Average of $1.31

GigaMedia Limited (NASDAQ:GIGM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.31 and traded as high as $1.31. GigaMedia shares last traded at $1.31, with a volume of 10,426 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on GigaMedia in a research report on Saturday. They issued a “sell” rating for the company.

GigaMedia Price Performance

The stock’s 50 day moving average is $1.31 and its two-hundred day moving average is $1.31. The firm has a market capitalization of $14.48 million, a P/E ratio of -3.54 and a beta of 0.37.

GigaMedia (NASDAQ:GIGM) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter. GigaMedia had a negative return on equity of 9.33% and a negative net margin of 121.14%. The company had revenue of $0.72 million during the quarter.

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.