GigaMedia (NASDAQ:GIGM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

GigaMedia Limited (NASDAQ:GIGM) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Analysts Forecast Growth

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

GigaMedia Stock Down 1.3 %

The stock 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 moving average is $1.58 and its two-hundred day moving average is $1.51.

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

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.