GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.91 and traded as high as $3.15. GSI Technology shares last traded at $3.03, with a volume of 134,707 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of GSI Technology from a "hold" rating to a "sell" rating in a report on Monday, October 28th.
View Our Latest Research Report on GSI Technology
GSI Technology Stock Down 2.6 %
The stock's fifty day simple moving average is $3.00 and its two-hundred day simple moving average is $2.92. The firm has a market cap of $77.22 million, a PE ratio of -5.05 and a beta of 0.96.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced 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 company had revenue of $4.55 million for the quarter.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of GSI Technology by 42.3% during the second 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 raised its position in 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 buying an additional 6,012 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in GSI Technology by 19.0% in the 3rd quarter. Geode Capital Management LLC now owns 205,116 shares of the semiconductor company's stock worth $626,000 after buying an additional 32,711 shares during the last quarter. 33.15% of the stock is owned by hedge funds and other institutional investors.
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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