GigaMedia Limited (GIGM) Receives Media Sentiment Score of 0.10
Press coverage about GigaMedia Limited (NASDAQ:GIGM) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GigaMedia Limited earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.2822038965174 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
GigaMedia Limited (NASDAQ:GIGM) traded up 0.32% during trading on Wednesday, reaching $3.11. 17,600 shares of the company’s stock traded hands. GigaMedia Limited has a one year low of $2.50 and a one year high of $3.70. The firm’s 50 day moving average price is $3.25 and its 200-day moving average price is $3.05. The stock’s market cap is $34.37 million.
GigaMedia Limited (NASDAQ:GIGM) last issued its earnings results on Tuesday, October 31st. The technology company reported ($0.01) EPS for the quarter. The company had revenue of $2.30 million for the quarter. GigaMedia Limited had a negative return on equity of 5.88% and a negative net margin of 41.12%. On average, equities analysts anticipate that GigaMedia Limited will post $0.51 earnings per share for the current fiscal year.
Separately, TheStreet raised shares of GigaMedia Limited from a “d+” rating to a “c” rating in a report on Tuesday, August 1st.
In related news, CEO Cheng-Ming Huang bought 37,608 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were bought at an average cost of $2.99 per share, for a total transaction of $112,447.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 237,608 shares of company stock worth $705,448 over the last 90 days. Insiders own 0.98% of the company’s stock.
About GigaMedia Limited
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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