Shares of GigaMedia Limited (NASDAQ:GIGM) traded at a new 52-week high today of $8.32. This new high was reached on above average trading volume as 10.9 million shares traded hands, while the average 30-day volume is approximately 57,000 shares.
GigaMedia Limited (NASDAQ:GIGM) is currently priced 54.1% above its average consensus analyst price target of $0.84.
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.
GigaMedia Limited share prices have moved between a 52-week high of $3.59 and the current low of $1.62 and are currently at $1.83 per share.
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