GigaMedia Limited (GIGM) Earning Somewhat Favorable Media Coverage, Study Shows
Media headlines about GigaMedia Limited (NASDAQ:GIGM) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news 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 media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.5201076952217 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, TheStreet raised GigaMedia Limited from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st.
GigaMedia Limited (NASDAQ GIGM) opened at 3.07 on Friday. GigaMedia Limited has a 52-week low of $2.40 and a 52-week high of $3.64. The firm’s market cap is $33.93 million. The company’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.99.
In other news, CEO Cheng-Ming Huang bought 37,608 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $2.99 per share, for a total transaction of $112,447.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.
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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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