Somewhat Positive News Coverage Somewhat Unlikely to Affect GigaMedia (GIGM) Stock Price

News headlines about GigaMedia (NASDAQ:GIGM) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog 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 news impact score of 0.25 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.677984279584 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, TheStreet cut GigaMedia from a “c-” rating to a “d+” rating in a report on Monday, March 19th.

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GIGM traded down $0.08 on Monday, reaching $2.67. The stock had a trading volume of 10,432 shares, compared to its average volume of 87,877. GigaMedia has a fifty-two week low of $2.36 and a fifty-two week high of $4.37.

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About GigaMedia

GigaMedia Limited provides online and mobile games, and cloud computing services in Taiwan and internationally. Its portfolio of online games include MahJong, a traditional Chinese title game; non-cash gambling or casino casual games, sports games, Web-based RPG, and mobile games through FunTown-branded platform; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.

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