GigaMedia (NASDAQ:GIGM) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

GigaMedia Limited (NASDAQ:GIGM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.33 and traded as high as $1.42. GigaMedia shares last traded at $1.40, with a volume of 8,406 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on GigaMedia in a research note on Saturday. They set a “sell” rating for the company.

GigaMedia Stock Performance

The business has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $1.33. The stock has a market capitalization of $15.47 million, a P/E ratio of -3.89 and a beta of 0.37.

GigaMedia (NASDAQ:GIGM) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.72 million for the quarter. GigaMedia had a negative return on equity of 9.13% and a negative net margin of 126.94%.

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.