Shares of GigaMedia Limited (NASDAQ:GIGM) traded today at $4.90, eclipsing its 52-week high. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 452,000 shares.
GigaMedia Limited (NASDAQ:GIGM) has potential upside of 18.8% based on a current price of $4.28 and analysts’ consensus price target of $5.08.
In the past 52 weeks, GigaMedia Limited share prices are bracketed by a low of $2.11 and a high of $4.90 and is now at $4.28, 103% above that low price.
GigaMedia Ltd is a publisher of online games. It has only one reportable segment, Digital Entertainment service. Digital Entertainment service business operates a portfolio of online games, primarily targeting online game players across Europe, Asia, including Greater China and Southeast Asia. The company’s portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. The company’s product lines include MahJong, AkaSeka, Yume 100, Fun Vegas, and others. The company operates in Taiwan and Hong Kong.
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