Somewhat Favorable Media Coverage Somewhat Unlikely to Impact GigaMedia Limited (GIGM) Share Price
News headlines about GigaMedia Limited (NASDAQ:GIGM) have been trending somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GigaMedia Limited earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.3105828808514 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, TheStreet upgraded GigaMedia Limited from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st.
GigaMedia Limited (NASDAQ GIGM) traded down $0.11 during trading on Tuesday, reaching $3.02. The company’s stock had a trading volume of 20,100 shares, compared to its average volume of 22,787. GigaMedia Limited has a one year low of $2.50 and a one year high of $3.70.
GigaMedia Limited (NASDAQ:GIGM) last announced its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $2.30 million during the quarter. GigaMedia Limited had a negative return on equity of 2.53% and a negative net margin of 24.06%.
In other news, CEO Cheng-Ming Huang purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $2.94 per share, with a total value of $294,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.
Receive News & Ratings for GigaMedia Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GigaMedia Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.