May 10, 2013 (52 Week high-lows via COMTEX) -- Shares of Multimedia Games (NASDAQ:MGAM) traded at a new 52-week high today of $25.68. This new high was reached on below average trading volume as 109,000 shares traded hands, while the average 30-day volume is approximately 271,000 shares.
Multimedia Games, Inc. designs and develops interactive bingo games as well as related electronic player stations (EPS) and equipment. The Company's products are marketed to Native American bingo halls located throughout the United States. Multimedia's products include MegaBingo, MegaCash, MegaBingo Lite, MegaMania, FlashCash, Big Hit Bingo, Bingo Express, and MegaRacing.
In the past 52 weeks, shares of Multimedia Games have traded between a low of $10.30 and a high of $25.68 and are now at $25.40, which is 147% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.6%.
Multimedia Games (NASDAQ:MGAM) is currently priced 16.0% above its average consensus analyst price target of $21.33. The stock should discover initial support at its 50-day moving average (MA) of $20.69 and subsequent support at its 200-day MA of $16.76.
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