GIGM stock traded down $0.02 during midday trading on Friday, hitting $1.52. The company’s stock had a trading volume of 47,845 shares, compared to its average volume of 22,287. GigaMedia has a 52-week low of $1.49 and a 52-week high of $3.34. The firm has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $2.07.
An institutional investor recently bought a new position in GigaMedia stock. Susquehanna International Group LLP acquired a new position in shares of GigaMedia Limited (NASDAQ:GIGM – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,054 shares of the technology company’s stock, valued at approximately $36,000. Susquehanna International Group LLP owned about 0.15% of GigaMedia at the end of the most recent quarter. 3.61% of the stock is currently owned by hedge funds and other institutional investors.
GigaMedia Limited provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through -branded platform. It offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
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