GigaMedia (NASDAQ:GIGM) Stock Passes Above 200-Day Moving Average – Here’s What Happened

GigaMedia Limited (NASDAQ:GIGM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.51 and traded as high as $1.56. GigaMedia shares last traded at $1.56, with a volume of 300 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on GigaMedia in a research report on Friday. They set a “sell” rating on the stock.

GigaMedia Stock Down 1.3 %

The company has a market cap of $17.02 million, a price-to-earnings ratio of -4.28 and a beta of 0.35. The business’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.51.

GigaMedia (NASDAQ:GIGM) last announced its quarterly earnings results on Friday, March 28th. The technology company reported ($0.04) EPS for the quarter. GigaMedia had a negative return on equity of 9.19% and a negative net margin of 126.94%. The company had revenue of $0.76 million for the quarter.

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.