News headlines about GigaMedia Limited (NASDAQ:GIGM) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GigaMedia Limited earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.4370320390962 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, TheStreet upgraded shares of GigaMedia Limited from a “d+” rating to a “c” rating in a report on Tuesday, August 1st.

Shares of GigaMedia Limited (NASDAQ:GIGM) opened at 2.9503 on Wednesday. The company’s 50-day moving average is $3.02 and its 200-day moving average is $3.01. GigaMedia Limited has a 12-month low of $2.40 and a 12-month high of $3.64. The stock’s market cap is $32.61 million.

GigaMedia Limited (NASDAQ:GIGM) last announced its quarterly earnings results on Monday, May 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. The firm 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 quarter last 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 year.

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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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