Press coverage about GigaMedia Limited (NASDAQ:GIGM) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GigaMedia Limited earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.7213491072219 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of GigaMedia Limited (NASDAQ:GIGM) opened at 2.98 on Tuesday. The firm’s market cap is $32.93 million. The stock has a 50 day moving average of $3.01 and a 200-day moving average of $3.00. GigaMedia Limited has a 1-year low of $2.40 and a 1-year high of $3.64.

Separately, TheStreet upgraded shares of GigaMedia Limited from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st.

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In other GigaMedia Limited news, CEO Cheng-Ming Huang bought 37,608 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $2.99 per share, with a total value of $112,447.92. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.98% of the company’s stock.

GigaMedia Limited 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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