Somewhat Favorable Media Coverage Somewhat Unlikely to Impact GigaMedia (GIGM) Share Price

Media coverage about GigaMedia (NASDAQ:GIGM) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 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 coverage optimism score of 0.06 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.1723583660222 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

GigaMedia (GIGM) traded down $0.07 during midday trading on Friday, reaching $2.92. 28,800 shares of the company’s stock traded hands, compared to its average volume of 23,346. GigaMedia has a fifty-two week low of $2.73 and a fifty-two week high of $3.70.

GigaMedia (NASDAQ:GIGM) last posted its earnings results on Tuesday, October 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $2.30 million during the quarter. GigaMedia had a negative return on equity of 2.53% and a negative net margin of 24.06%.

In related news, CEO Cheng-Ming Huang acquired 100,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were purchased at an average price of $2.99 per share, for a total transaction of $299,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company 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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