GigaMedia Limited (NASDAQ:GIGM – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.42 and traded as high as $1.58. GigaMedia shares last traded at $1.58, with a volume of 9,324 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on GigaMedia in a research report on Wednesday. They set a “sell” rating on the stock.
GigaMedia Trading Down 1.3 %
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.03) earnings per share for the quarter. The company had revenue of $0.77 million during the quarter. GigaMedia had a negative return on equity of 9.19% 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.
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