GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.02 and traded as high as $4.30. GSI Technology shares last traded at $4.22, with a volume of 444,983 shares.
GSI Technology Trading Up 0.4%
The business's 50 day moving average price is $3.40 and its 200-day moving average price is $3.04. The company has a market cap of $126.53 million, a price-to-earnings ratio of -10.81 and a beta of 1.11.
GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. The company 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%.
Hedge Funds Weigh In On GSI Technology
A number of hedge funds have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC increased its position in GSI Technology by 31.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company's stock worth $2,313,000 after acquiring an additional 163,511 shares during the period. Jones Financial Companies Lllp bought a new position in GSI Technology during the first quarter worth about $80,000. Essex Investment Management Co. LLC bought a new position in GSI Technology during the first quarter worth about $69,000. 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 position in GSI Technology by 19.0% during the fourth quarter. Two Sigma Investments LP now owns 69,960 shares of the semiconductor company's stock worth $212,000 after acquiring an additional 11,149 shares during the period. 33.15% of the stock is owned by institutional investors.
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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