GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.92 and traded as high as $3.65. GSI Technology shares last traded at $3.53, with a volume of 514,352 shares.
GSI Technology Trading Down 2.0%
The stock has a market capitalization of $86.53 million, a PE ratio of -6.76 and a beta of 1.13. The stock has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.92.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 50.33%. The business had revenue of $5.88 million during the quarter.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of GSI Technology by 2.1% in the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 481,817 shares of the semiconductor company's stock valued at $1,460,000 after purchasing an additional 9,831 shares during the period. WealthPlan Investment Management LLC bought a new position in GSI Technology in the fourth quarter worth approximately $114,000. Ethos Financial Group LLC bought a new position in GSI Technology in the fourth quarter worth approximately $31,000. Geode Capital Management LLC grew its stake in GSI Technology by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company's stock worth $633,000 after purchasing an additional 3,607 shares in the last quarter. Finally, Barclays PLC purchased a new stake in GSI Technology during the fourth quarter worth $39,000. 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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