GSI Technology (NASDAQ:GSIT) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s stock price passed 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 Stock Up 1.8%

The business has a 50-day simple moving average of $3.40 and a two-hundred day simple moving average of $3.04. The company has a market cap of $128.76 million, a price-to-earnings ratio of -11.00 and a beta of 1.11.

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

Hedge Funds Weigh In On GSI Technology

A number of institutional investors have recently made changes to their positions in GSIT. Geode Capital Management LLC increased its stake in shares of 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 during the period. Barclays PLC bought a new position in shares of GSI Technology in the fourth quarter worth about $39,000. Northern Trust Corp increased its stake in shares of GSI Technology by 30.7% in the fourth quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company's stock worth $123,000 after purchasing an additional 9,557 shares during the period. Two Sigma Investments LP increased its stake 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 valued at $212,000 after acquiring an additional 11,149 shares during the period. Finally, Two Sigma Advisers LP bought a new position in GSI Technology during the fourth quarter valued at about $33,000. 33.15% of the stock is currently owned by institutional investors.

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.