May 13, 2013 (52 Week high-lows via COMTEX) -- Shares of Multimedia Games (NASDAQ:MGAM) traded at a new 52-week high today of $26.15. So far today approximately 105,000 shares have been exchanged, as compared to an average 30-day volume of 273,000 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.
Multimedia Games (NASDAQ:MGAM) is currently priced 17.8% above its average consensus analyst price target of $21.33. The stock should find initial support at its 50-day moving average (MA) of $20.84 and further support at its 200-day MA of $16.82.
Over the past year, Multimedia Games has traded in a range of $10.30 to $26.15 and is now at $25.94, 152% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.3% while the 200-day MA has risen 1.4%.
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