GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s share price was down 2.3% during trading on Monday . The company traded as low as $2.88 and last traded at $2.93. Approximately 148,483 shares were traded during trading, a decline of 46% from the average daily volume of 276,419 shares. The stock had previously closed at $3.00.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded GSI Technology from a "hold" rating to a "sell" rating in a research report on Monday, October 28th.
View Our Latest Stock Analysis on GSIT
GSI Technology Trading Down 3.1 %
The business's 50 day moving average price is $3.23 and its two-hundred day moving average price is $2.89. The company has a market capitalization of $72.38 million, a price-to-earnings ratio of -4.73 and a beta of 0.96.
GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its earnings results on Thursday, October 24th. The semiconductor company reported ($0.21) earnings per share for the quarter. GSI Technology had a negative return on equity of 54.03% and a negative net margin of 77.71%. The company had revenue of $4.55 million for the quarter.
Hedge Funds Weigh In On GSI Technology
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 worth $53,000 after purchasing an additional 5,890 shares during the period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 32,711 shares during the period. Finally, Silverberg Bernstein Capital Management LLC grew its position 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 valued at $1,440,000 after buying an additional 6,012 shares during the last quarter. 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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