GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.90 and traded as high as $2.93. GSI Technology shares last traded at $2.87, with a volume of 104,150 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of GSI Technology from a "hold" rating to a "sell" rating in a research note on Monday, October 28th.
Check Out Our Latest Analysis on GSIT
GSI Technology Stock Performance
The company has a market capitalization of $74.67 million, a PE ratio of -4.88 and a beta of 0.96. The business has a fifty day moving average price of $3.07 and a 200 day moving average price of $2.90.
GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter. GSI Technology had a negative net margin of 77.71% and a negative return on equity of 54.03%. The firm had revenue of $4.55 million for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GSIT. American Century Companies Inc. grew its stake in GSI Technology by 42.3% during the 2nd quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 5,890 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in shares of GSI Technology by 1.3% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 471,986 shares of the semiconductor company's stock valued at $1,440,000 after buying an additional 6,012 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $626,000 after buying an additional 32,711 shares during the last quarter. Institutional investors and hedge funds 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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