GigaMedia Limited (NASDAQ:GIGM) Given Coverage Optimism Score of 0.26

Press coverage about GigaMedia Limited (NASDAQ:GIGM) has been trending positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GigaMedia Limited earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.7528249985504 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

GigaMedia Limited (NASDAQ:GIGM) traded down 0.8492% during mid-day trading on Monday, reaching $3.0241. The company had a trading volume of 1,556 shares. The firm’s 50-day moving average is $3.02 and its 200-day moving average is $3.01. The firm’s market capitalization is $33.42 million. GigaMedia Limited has a one year low of $2.40 and a one year high of $3.64.

GigaMedia Limited (NASDAQ:GIGM) last issued its earnings results on Monday, May 8th. The technology company reported ($0.07) earnings per share for the quarter. The business had revenue of $4.15 million during the quarter. GigaMedia Limited had a negative return on equity of 5.88% and a negative net margin of 41.12%. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that GigaMedia Limited will post $0.51 earnings per share for the current fiscal year.

Separately, TheStreet raised GigaMedia Limited from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st.

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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.