GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.94 and traded as high as $3.35. GSI Technology shares last traded at $3.06, with a volume of 183,903 shares.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of GSI Technology from a "hold" rating to a "sell" rating in a report on Monday, October 28th.
Check Out Our Latest Stock Analysis on GSIT
GSI Technology Stock Performance
The stock has a market cap of $77.99 million, a PE ratio of -5.10 and a beta of 0.98. The business has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $2.94.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The semiconductor company reported ($0.21) EPS for the quarter. The business had revenue of $4.55 million for the quarter. GSI Technology had a negative return on equity of 54.03% and a negative net margin of 77.71%.
Hedge Funds Weigh In On GSI Technology
Several institutional investors have recently added to or reduced their stakes in GSIT. American Century Companies Inc. raised its position in GSI Technology by 42.3% in the second quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company's stock worth $53,000 after acquiring an additional 5,890 shares during the period. Geode Capital Management LLC increased its stake in shares of GSI Technology by 19.0% during the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company's stock worth $626,000 after purchasing an additional 32,711 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in shares of GSI Technology by 1.3% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 471,986 shares of the semiconductor company's stock worth $1,440,000 after purchasing an additional 6,012 shares during the period. Institutional investors own 33.15% of the company's stock.
GSI Technology Company Profile
(
Get Free Report)
GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.
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