GigaMedia (GIGM) Getting Somewhat Positive Media Coverage, Study Shows

Media coverage about GigaMedia (NASDAQ:GIGM) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GigaMedia earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.0223934674397 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

GigaMedia (GIGM) traded down $0.16 during mid-day trading on Tuesday, reaching $3.44. 96,400 shares of the company’s stock were exchanged, compared to its average volume of 229,040. GigaMedia has a 12 month low of $2.78 and a 12 month high of $3.70. The stock has a market cap of $37.81, a P/E ratio of -13.76 and a beta of 1.14.

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

In related news, CEO Cheng-Ming Huang bought 35,042 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $3.00 per share, for a total transaction of $105,126.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by corporate insiders.

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About GigaMedia

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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