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) crossed 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 changing hands.

GSI Technology Trading Down 2.0%

The business's fifty day simple moving average is $3.25 and its 200-day simple moving average is $2.98. The firm has a market cap of $93.64 million, a P/E ratio of -8.00 and a beta of 1.11.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new position in GSI Technology in the fourth quarter worth $31,000. Two Sigma Advisers LP purchased a new position in GSI Technology in the fourth quarter worth $33,000. Barclays PLC purchased a new position in GSI Technology in the fourth quarter worth $39,000. Essex Investment Management Co. LLC purchased a new position in GSI Technology in the first quarter worth $69,000. Finally, Jones Financial Companies Lllp purchased a new position in GSI Technology in the first quarter worth $80,000. 33.15% of the stock is currently owned by hedge funds and other institutional investors.

About GSI Technology

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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