GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.99 and traded as high as $3.51. GSI Technology shares last traded at $3.43, with a volume of 188,540 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of GSI Technology from a "sell" rating to a "hold" rating in a research note on Monday, August 5th.
Check Out Our Latest Stock Report on GSI Technology
GSI Technology Stock Down 1.2 %
The stock has a 50-day moving average of $3.06 and a 200 day moving average of $2.99. The stock has a market cap of $86.26 million, a PE ratio of -4.24 and a beta of 0.95.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The semiconductor company reported ($0.21) earnings per share for the quarter. GSI Technology had a negative net margin of 66.67% and a negative return on equity of 46.39%. The firm had revenue of $4.55 million for the quarter.
Institutional Trading of GSI Technology
Hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. purchased a new stake in shares of GSI Technology during the 1st quarter valued at approximately $42,000. 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 valued at $53,000 after purchasing an additional 5,890 shares during the period. Viawealth LLC raised its position in GSI Technology by 82.4% in the first 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 during the period. Virtu Financial LLC acquired a new position in shares of GSI Technology in the 1st quarter valued at $135,000. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in shares of GSI Technology by 2.8% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 465,974 shares of the semiconductor company's stock worth $1,235,000 after purchasing an additional 12,843 shares during the period. Hedge funds and other institutional investors own 33.15% of the company's stock.
About GSI Technology
(
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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