GigaMedia Limited (NASDAQ:GIGM – Get Free Report)’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 traded.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of GigaMedia in a research note on Saturday. They set a “sell” rating for the company.
View Our Latest Stock Report on GIGM
GigaMedia Trading Down 1.7 %
GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter. The company had revenue of $0.72 million during the quarter. GigaMedia had a negative net margin of 121.14% and a negative return on equity of 9.33%.
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.
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