Shares of Sigma Designs (NASDAQ:SIGM) traded at a new 52-week low today of $5.52. Approximately 133,000 shares have changed hands today, as compared to an average 30-day volume of 184,000 shares.
Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV's, digital media players, and ultra-wideband connectivity markets.
In the past 52 weeks, Sigma Designs share prices have been bracketed by a current low of $5.52 and a high of $14.31 and are now at $5.71. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.9%.
Potential upside of 75.1% exists for Sigma Designs, based on a current level of $5.71 and analysts' average consensus price target of $10.00. The stock should find initial resistance at its 50-day moving average (MA) of $5.91 and further resistance at its 200-day MA of $7.80.
