Shares of GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.95 and traded as high as $3.19. GSI Technology shares last traded at $3.06, with a volume of 90,743 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of GSI Technology from a "hold" rating to a "sell" rating in a research report on Monday, October 28th.
Get Our Latest Report on GSI Technology
GSI Technology Trading Up 2.6 %
The firm's 50-day simple moving average is $3.19 and its 200 day simple moving average is $2.95. The stock has a market cap of $80.03 million, a P/E ratio of -5.20 and a beta of 0.95.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued 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 return on equity of 54.03% and a negative net margin of 77.71%. The business had revenue of $4.55 million during the quarter.
Institutional Investors Weigh In On GSI Technology
A number of hedge funds and other institutional investors have recently modified their holdings of GSIT. Silverberg Bernstein Capital Management LLC increased its stake in 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 period. Virtu Financial LLC bought a new stake in GSI Technology during the first quarter worth approximately $135,000. Viawealth LLC boosted its stake in GSI Technology by 82.4% during the 1st quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 10,550 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of 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 during the period. 33.15% of the stock is currently owned by institutional investors.
GSI Technology Company Profile
(
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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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