GigaMedia (NASDAQ:GIGM) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

GigaMedia Limited (NASDAQ:GIGMGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.37 and traded as high as $1.60. GigaMedia shares last traded at $1.58, with a volume of 42,721 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of GigaMedia in a research report on Saturday. They set a “sell” rating for the company.

Read Our Latest Report on GIGM

GigaMedia Trading Up 2.6 %

The firm has a market capitalization of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.38. The business has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.37.

About GigaMedia

(Get Free Report)

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.

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