GigaMedia (NASDAQ:GIGM) Shares Cross Above 200 Day Moving Average – Here’s What Happened

GigaMedia Limited (NASDAQ:GIGM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.57 and traded as high as $1.58. GigaMedia shares last traded at $1.5690, with a volume of 14,676 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GigaMedia in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

GigaMedia Trading Up 1.9%

The firm has a market cap of $17.34 million, a P/E ratio of -14.26 and a beta of 0.43. The business has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. grew its holdings in GigaMedia Limited (NASDAQ:GIGM) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,233 shares of the technology company’s stock after purchasing an additional 38,521 shares during the quarter. Osaic Holdings Inc. owned approximately 1.53% of GigaMedia worth $242,000 at the end of the most recent reporting period. 13.50% of the stock is owned by hedge funds and other institutional investors.

About GigaMedia

GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value‐added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role‐playing adventures to strategy and social games.

In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.