GSI Technology (NASDAQ:GSIT) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Shares of GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.98 and traded as high as $3.52. GSI Technology shares last traded at $3.36, with a volume of 133,862 shares traded.

GSI Technology Trading Up 1.9%

The firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.00. The stock has a market cap of $97.68 million, a price-to-earnings ratio of -8.35 and a beta of 1.11.

GSI Technology (NASDAQ:GSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share for the quarter. The firm had revenue of $5.88 million for the quarter. GSI Technology had a negative return on equity of 46.88% and a negative net margin of 51.85%.

Institutional Investors Weigh In On GSI Technology

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in GSI Technology during the 1st quarter worth $80,000. Essex Investment Management Co. LLC bought a new stake in GSI Technology in the first quarter valued at about $69,000. Silverberg Bernstein Capital Management LLC lifted its stake in GSI Technology by 9.0% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 524,953 shares of the semiconductor company's stock valued at $1,066,000 after buying an additional 43,136 shares during the period. Two Sigma Advisers LP bought a new position in GSI Technology during the fourth quarter worth about $33,000. Finally, Two Sigma Investments LP increased its stake in shares of GSI Technology by 19.0% in the 4th quarter. Two Sigma Investments LP now owns 69,960 shares of the semiconductor company's stock valued at $212,000 after acquiring an additional 11,149 shares during the last quarter. Institutional investors and hedge funds own 33.15% of the company's stock.

GSI Technology Company Profile

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.