GigaMedia (GIGM) Receives Daily News Impact Score of 0.07
Media coverage about GigaMedia (NASDAQ:GIGM) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GigaMedia earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.9931402429926 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of GigaMedia (NASDAQ GIGM) traded up $0.11 during trading hours on Friday, hitting $3.00. 21,550 shares of the stock traded hands, compared to its average volume of 28,775. GigaMedia has a 52 week low of $2.56 and a 52 week high of $3.70.
GigaMedia (NASDAQ:GIGM) last released its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter. GigaMedia had a negative net margin of 24.06% and a negative return on equity of 2.53%. The business had revenue of $2.30 million during the quarter.
In other GigaMedia news, CEO Cheng-Ming Huang purchased 55,070 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of $2.94 per share, with a total value of $161,905.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.
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GigaMedia Company Profile
GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company operates through two segments: Asian online game and service, and cloud service business. The Company has online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei.
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