GigaMedia Limited (NASDAQ:GIGM – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.36 and traded as high as $1.38. GigaMedia shares last traded at $1.34, with a volume of 57,428 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of GigaMedia in a research report on Wednesday. They set a “sell” rating for the company.
Get Our Latest Report on GigaMedia
GigaMedia Stock Up 2.3 %
About GigaMedia
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.
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